BEIJING, April 15 -- Chinese mergers and acquisitions (M&As) in ASEAN countries soared in 2017 despite a slump in overall outbound investment, thanks largely to the Belt and Road Initiative (BRI), according to a report.
In 2017, the deal value of Chinese M&As in ASEAN surged to 34.1 billion U.S. dollars, rising by 268 percent and representing a quarter of the total value of disclosed Chinese M&As, accounting firm Ernst & Young (EY) said in a report.
"Taking advantage of its geographic location as a trade hub under the BRI, ASEAN has achieved steady growth in recent years," said Andrew Choy, EY's Greater China International Tax Services Leader.
Looking forward, China and ASEAN are expected to further improve their relationship and expand broader cooperation under the BRI, Choy said.
Proposed by China in 2013, the BRI aims to build trade and infrastructure networks connecting Asia with Europe and Africa along ancient Silk Road trade routes..
Singapore has become China's biggest M&A destination in 2017 as M&A activities by Chinese enterprises surged, mainly in transportation, technology, telecommunications and life sciences sectors, according to the report.
Situated along the Belt and Road, Malaysia and Indonesia offer plenty of investment opportunities, and both countries have offered incentives to attract foreign investment, the report said.
China's outbound direct investment (ODI) saw a drastic decline in 2017 amid government efforts to curb irrational overseas investment.
Data from the Ministry of Commerce showed that non-financial ODI fell 29.4 percent year on year to 120 billion U.S. dollars last year.
Non-financial ODI in countries involved in the BRI totaled 14.36 billion U.S. dollars, accounting for 12 percent of the total, up from 8.5 percent in 2016.
系动词come和go
系动词
不定式的特殊句型so as to
不定式的特殊句型too…to…
英语语法-助动词配套练习及答案
有关系动词feel的一道考题
It’s for sb.和 It’s of sb.
及物动词do的22种不表示“做”的用法(下)
及物动词do的22种不表示“做”的用法(上)
助动词do 的用法
动词不定式的否定式
连系动词come与go有何差别
不定式作宾语
seem to be中的to be何时可以省略
短语动词
助动词shall和will的用法
非谓语动词
关于副词用作表语
英语连系动词的分类
表示变化的连系动词
系动词fall的用法
通常以"人"作宾语的及物动词
appear, look, seem的用法特点
助动词should,would的用法
什么是助动词
worth 的用法
不定式的时态和语态
系动词run的用法
不定式主语
动词
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