China says irrational overseas investment effectively controlled now
China Investment data out also from the Commerce Ministry
- January to August FDI -0.2 pct y/y
- August FDI +9.1 pct y/y to 62.52 bln yuan
- January to August non-financial outbound direct investment -41.8 pct y/y to $68.72 bln
China commerce ministry says irrational overseas investment has been effectively controlled.
I hope they are not referring to investments in Australia as irrational ;-)