Monday, December 18, 2017

Turkey getting more attractive for Chinese outbound investments

DAILY SABAH - December 13, 2017

The latest Economic Intelligence Unit index on China's overseas investments reveals that Turkey has moved up the ranking on the list of countries where China has investments to 46th place in 2017 from 55th in 2015, as Chinese investments in Turkey focus on telecommunications and energy  The China Going Global Investment Index 2017, prepared by the Economic Intelligence Unit, the research and analysis division of The Economist Group and the world leader in global business intelligence, revealed that Turkey upgraded its rank in 2017 to 46 from 55 in 2015 while the country that attracted the highest amount of Chinese outbound investments is Singapore, which outdid the U.S. in second. This year, China's overseas direct investment (ODI) appears to have slipped. After seeing great increase in 2016, ODI flows from China slumped by over 40 percent year on year in the first 10 months of 2017 as the Chinese government introduced policies to curb what it called "irrational" overseas investment from late 2016 - as part of a broader bid to contain destabilizing capital outflows while prioritizing investment in strategic areas like the Belt and Road Initiative (BRI) - have continued throughout 2017.