China's first half of overseas investment is concentrated in mining industry

July 23 Morning News, according to foreign media reports, the Ministry of Commerce said that the first half of Chinese enterprises overseas investment mainly concentrated in the mining industry, which is in line with China's acquisition of overseas mining assets to meet economic growth needs of raw materials for the target. In the first six months of this year, Chinese companies have invested $17.8 billion trillion in overseas non-financial sectors, up 43.9% from a year earlier, the Commerce Ministry said in a statement published in Tuesday, according to the Wall Street Journal.　　The announcement did not provide specific information on Chinese enterprises ' overseas mining investment.　　The data service, Dealogic, previously announced that Chinese companies ' participation in overseas mining acquisitions and investment transactions in 2009 amounted to $13 billion trillion, 100 times times that of 2005.　　The Commerce Ministry said the total of 17.8 billion dollars in investment in the first half, the acquisition accounted for 22.5%. The Commerce Ministry said Chinese companies invested a total of 605 million U.S. dollars in the first half of the year, 3.6 times times the same period, and the total investment in the European Union rose more than one times to $406 million in the same period.