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China's ODI down 48.8% in Q1

Xinhua | Updated: 2017-04-18 13:45

An employee counts yuan banknotes at a bank in Huaibei, Anhui province June 22, 2010.[Photo/Agencies]

BEIJING — China's non-financial outbound direct investment (ODI) dropped 48.8 percent year-on-year to $20.54 billion in the first quarter of this year, official data showed Tuesday.

In March alone, the country's non-financial ODI declined 30.1 percent year-on-year to $7.11 billion, according to the Ministry of Commerce.

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