(Yicai Global) Jan. 21 -- China’s outbound direct investment in 2020 totaled USD132.94 billion, an increase of 3.3 percent year-on-year, according to the Ministry of Commerce.

China’s service outsourcing industry grew rapidly last year. The turnover of completed offshore service outsourcing contracts exceeded USD100 billion for the first time, hitting USD105.78 billion during the year, 9.2 percent higher than in 2019, the ministry said today.

China completed a turnover of CNY155.06 billion in service outsourcing contracts from the United States in 2020, up 17 percent on a year-on-year basis.

Editor: Peter Thomas