BEIJING--China's outbound direct investment dropped 52.8% compared with a year earlier to $13.43 billion in the first two months of the year, the Ministry of Commerce said on Thursday.
The ministry didn't elaborate on the decline. In 2016, Chinese companies made a total of $170 billion worth of overseas investments, up 44.1% from a year earlier.
The ministry also said foreign direct investment into China declined 2.3% in the January-February period to 138.68 billion yuan ($20.11 billion).
Write to Grace Zhu at email@example.com
(END) Dow Jones Newswires
March 16, 2017 21:56 ET (01:56 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.