– This is the script of CNBC's news report for China's CCTV on January 13, Friday.
Welcome to CNBC Business Daily.
A report by research firm Rhodium Group and Berlin think-tank Mercator Institute for China Studies estimates that Chinese direct investment abroad surged by 40%, to a historically high level of 180 bn euro.
Chinese investments in the European Union rose 77 percent to over 35 billion euros in 2016, with Germany accounting for 11 billion euros or 31 percent of total Chinese investment in Europe, including mergers like Midea Group acquiring Kuka and ChemChina buying Krauss-Maffei making headlines.
Meanwhile, China's FDI in the US rocketed to $45.6 billion in 2016, triple that of 2015, The surge is in line with China's ambitions to build a consumer-driven economy.
One big trend last year - Chinese investors were particularly interested in acquiring technology and advanced manufacturing assets, the report said. Meanwhile, for the first time, Chinese private firms surpass state-owned corporations that providing the most of China outbound direct investment.
Although that surge and future investment faces a "major downside risk" under a Donald Trump presidency, said the report.
China's State Administration of Foreign Exchange (SAFE) has imposed a $5 million cap on all capital flowing out of the country, which means that all overseas payments under the capital account of more than US$5 million would have to be submitted to Beijing for special clearance before proceeding. The previous cap was US$50 million.
Although we might see a slowdown in 2017, but demand from Chinese companies is still strong in the longer-term.
CNBC's Qian Chen, reporting from Singapore.