U.S. tightens exports to China’s chipmaker SMIC, citing risk of military use
Over the first three quarters of this year, China’s Foreign Direct Investment totalled US$82.02 billion, an increase of 5.1% from a year earlier, according to the latest data released by the Ministry of Commerce, The Paper reported.
Insiders say achieving this level of FDI is impressive, considering the context of the tightening supervision on investing overseas and the decline of foreign investment in some countries.
Chinese enterprises have increased their investment by US$10.78 billion along the “Belt and Road” countries over the first nine months, an increase of 12.3% over the same period of last year.
Cross-border mergers and acquisitions have also developed steadily. From January to September, Chinese enterprises have conducted a total of 265 cross-border M&A projects.
The latter projects have been distributed in 49 countries such as France and Germany, and involved 17 industries, including manufacturing, transportation, postal services, and mining. The actual transaction volume totalled US$43.3 billion.