Percent: Chinese Companies and Growth Rate

percent: The growth rate is significantly lower than the same period in 2018, when outbound FDI rose 17.8 percent year-on-year, according to Global Times China. The flat growth came after the government tightened regulations on investment in areas such as real estate and entertainment after a global shopping spree by Chinese companies a few years back. In the first six months of 2019, China's outbound FDI in non-financial sectors grew by 0.1 percent year-on-year to 346.8 billion yuan 50.43 billion despite a 6.3 percent year-on-year expansion in June, data from the Ministry of Commerce MOFCOM showed. The move to tighten controls also came as domestic and external conditions weakened due to a slowing economy.. In the first half of 2019, Chinese companies conducted 161 merger and acquisition M&A deals worth 16.95 billion in 42 countries and regions, including Finland, France and Peru, according to the MOFCOM. The M&A deals were mostly in manufacturing, software and information technology sectors and there was no new deal in the real estate, sports and entertainment sectors, it said. During the period, Chinese FDI into Europe fell 26 percent year-on-year to 9 billion, with Finland seeing the most investment followed by Sweden, the UK and Italy, according to the report sent to the Global Times. Though the MOFCOM didn't provide any geographic breakdown of FDI, a report from global law firm Baker McKenzie showed that Chinese FDI into Europe slumped to a four-year low in the first half and that into North America saw just a modest increase. (news.financializer.com). As reported in the news.