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China nonfinancial outbound direct investment jumps 25.2% YOY in Jan-Feb

China's nonfinancial outbound direct investment was $16.82 billion in the first two months of 2018, a 25.2% jump year over year, Xinhua News Agency reported, citing Ministry of Commerce data.

The investments were made in 1,429 overseas entities spread across 135 countries and regions. Investment in countries along the Belt and Road in the first two months of 2018 rose 20.1% year over year to $2.15 billion.

The majority of the investments were in mining, leasing, business services, manufacturing and IT services, the ministry said on its website.

During the period, there were no new outbound direct investment projects reported in real estate, sports and entertainment sectors, the commerce ministry said.

The State Council, in August 2017, limited overseas investment in real estate, hotels, cinemas and entertainment, while investments in sectors such as gambling were banned.

In February, China revised its list of sensitive sectors for outbound investments. Earlier in January, China said it plans to tighten oversight of outbound investments of at least $300 million.