ODI surges 62 percent to $74b in first five months

The growth of outbound direct investment from China is remaining steady this year, leaving the world's second-largest economy on track to exceed last year's record figure, experts said on Friday.

"The robust growth of China's outbound direct investment will not change in the short term. The economic situation demands that domestic companies deploy more people and resources to fuel their growth in overseas markets," said Li Guanghui, vice-president of the Chinese Academy of International Trade and Economic Cooperation.

China's non-financial outbound direct investment surged almost 62 percent year-on-year to 479 billion yuan ($74 billion) between January and May this year, data from the Ministry of Commerce show.