File photo of a bank clerk uses a machine to count yuan banknotes in a bank in Hefei in central China's Anhui province. [Photo: china.org.cn]
China has recalculated its outbound direct investment (ODI) as 123.12 billion U.S. dollars in 2014, up 14.2 percent year on year in a leap even more impressive than previously estimated, the Ministry of Commerce (MOC) said on Thursday.
In January, the MOC announced that China's ODI rose 14.1 percent year on year to 102.89 billion U.S. dollars in 2014, eclipsing the 1.7-percent growth in foreign direct investment (FDI). FDI in China totaled 119.6 billion U.S. dollars last year as against the 123.12-billion-dollar ODI, which means China became a net capital exporter for the first time.
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