China’s non-financial outbound direct investment (ODI) rose 26.3 percent year-on-year to 215.97 billion yuan in the first quarter of the year, official data showed Thursday.
In U.S. dollar terms, the ODI stood at 31.54 billion U.S. dollars in the period, up 17.2 percent from a year earlier, according to the Ministry of Commerce.
On another note, China’s central bank injected funds into the financial system through open market operations Thursday. The People’s Bank of China said it has conducted 34 billion yuan (about 4.93 billion U.S. dollars) of seven-day reverse repos at an interest rate of 2 percent.
The move is aimed at keeping liquidity reasonable and ample in the banking system, according to the central bank. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future.
-Xinhua
