Overcoming the adverse impact of external environment, China's outbound direct investment, or ODI, grew smoothly and steadily in 2022, according to the Ministry of Commerce.China's ODI, rose 5.2 percent year-on-year to 985.37 billion yuan ($145.15 billion) last year, the ministry said in an online statement on Friday.In US dollar terms, ODI grew 0.9 percent on a yearly basis to $146.5 billion in 2022.Among them, the country's non-financial ODI amounted to 785.94 billion yuan last year, surging 7.2 percent year-on-year.In the meantime, China's non-financial ODI into economies participating in the Belt and Road Initiative reached $20.97 billion, with an increase of 3.3 percent year-on-year, accounting for 17.9 percent of the country's total non-financial ODI in 2022.The ministry said China's ODI into wholesale and retail sectors soared 19.5 percent on a yearly basis to $21.1 billion last year, while investment into manufacturing business went up 17.4 percent year-on-year to $21.6 billion.Overcoming the adverse impact of external environment, China's outbound direct investment, or ODI, grew smoothly and steadily in 2022, according to the Ministry of Commerce.China's ODI, rose 5.2 percent year-on-year to 985.37 billion yuan ($145.15 billion) last year, the ministry said in an online statement on Friday.In US dollar terms, ODI grew 0.9 percent on a yearly basis to $146.5 billion in 2022.Among them, the country's non-financial ODI amounted to 785.94 billion yuan last year, surging 7.2 percent year-on-year.In the meantime, China's non-financial ODI into economies participating in the Belt and Road Initiative reached $20.97 billion, with an increase of 3.3 percent year-on-year, accounting for 17.9 percent of the country's total non-financial ODI in 2022.The ministry said China's ODI into wholesale and retail sectors soared 19.5 percent on a yearly basis to $21.1 billion last year, while investment into manufacturing business went up 17.4 percent year-on-year to $21.6 billion.
