nglishOverviewofChinaoutboundinvestmentofH1202320232023年上半年中國海外投資概覽逆勢增長2023年8月14日第第2頁第2頁年經(jīng)濟增長5.5%1，企的國際化發(fā)展提供交流合2023年上半年中國海外投資概覽本期摘要本期摘要對外直接投資海外并購對外承包工程安永推薦閱讀本期摘要對外直接投資1中國全行業(yè)對外直接投資753.6億美元，同比增長9.6%；非金融類對外直接投資622.9億美元，同海外并購2最低，同比下降14%；宣布的交易數(shù)量為?從行業(yè)角度，按金額計電力與公用事業(yè)躍升為第一大熱門行業(yè)，金融服務(wù)業(yè)和先進制造與運輸業(yè)?從區(qū)域來看，拉丁美洲本期宣布的并購額最大，本期各大洲中僅有拉丁美洲和大洋洲交易金額錄對外承包工程1對外承包工程新簽合同額946.7億美元，同比下降8.6%；完成營業(yè)額707.3億美元，基本持平。TMT包括科技、媒體和娛樂以及通信業(yè)第3頁2023年上半年中國海外投資概覽1781178150581,1713813583963187543494054055003971,171381358396318754349405405500397380345343322458292257本期摘要對外直接投資海外并購對外承包工程安永推薦閱讀對外直接投資(ODI)中國全行業(yè)對外直接投資753.6億美元，同比增長9.6%8%非金融類直接投資115.7億美元，同比增長15.4%?占同期總額的18.6%坦和俄羅斯等國家和地區(qū)第4頁2023第4頁中國全行業(yè)對外直接投資額(億美元中國全行業(yè)對外直接投資額(億美元)1,5001,4521,4651,5001,3293012301296310264020192020202120222023一季度二季度三季度四季度203210200545545352444844849394211658116585850323038100485053020192020202120222023一季度二季度三季度四季度料來源：中國商務(wù)部月度簡明統(tǒng)計數(shù)據(jù)58258241653453560040020005345356004002000本期摘要對外直接投資海外并購對外承包工程安永推薦閱讀海外并購(M&A)購金額逆勢大幅上漲，二季度海外并購數(shù)量驟降至近年單季新低2023年上半年：新低并購金額(億美元)7828002526001393172853172857616919779197798690117803890117803895884793167073020192020202120222023一季度二季度三季度四季度80064855451801471711401569014114011815312313513812214013712122413420192020202120222023一季度二季度三季度四季度第5頁2023年上半年中國海外投資概覽安永推薦閱讀海外并購(M&A)(續(xù))按交易數(shù)量安永推薦閱讀海外并購(M&A)(續(xù))按交易數(shù)量16923132942857房地產(chǎn)、酒店與建造其他電力與公用事業(yè)采礦和金屬消費品本期摘要對外直接投資海外并購對外承包工程按按交易金額醫(yī)醫(yī)療與生命科學(xué)消費品消費品 (億美元)30.516.416.012.511.91電力與公用事業(yè)2金融服務(wù)3先進制造與運輸4房地產(chǎn)、酒店與建造5采礦和金屬電力與公用事業(yè)房地產(chǎn)、酒金融服務(wù)店與建造用事業(yè)房地產(chǎn)、酒金融服務(wù)店與建造先進制造與20%運輸司(合計約29億美元)，此項投資將幫助該中企市場2.中企收購英國某房地產(chǎn)投資信托基金(約10.3億MT先先進制造與運輸金融服務(wù)2023年7月5日下載；安永分析第6頁2023第6頁2023年上半年中國海外投資概覽第2023年上半年中國海外投資概覽29.6億美元61宗19.529.6億美元61宗19.5億美元49宗非洲6.1億美元6宗13.9億美元宗本期摘要對外直接投資海外并購對外承包工程安永推薦閱讀海外并購(M&A)(續(xù))16.3億美元87宗32億美元9宗大洲大洲金額宗數(shù)拉拉丁美洲32億美元同比增長1,737%9宗同比下降40%；洪都拉斯與中國建交，其總統(tǒng)首次經(jīng)貿(mào)關(guān)系不斷推進。此外，今年下半?預(yù)計今年拉美主要國家中墨西哥、秘魯、巴西經(jīng)濟將本期摘要對外直接投資海外并購對外承包工程安永推薦閱讀海外并購(M&A)(續(xù))29.6億美元61宗同比下降44%他熱門行業(yè)還包括采礦與金屬業(yè)和房地產(chǎn)、酒店與建?近期中歐高層互訪頻繁，中國在經(jīng)貿(mào)方面十分重視歐洲市場。今年6月，中國總理李強就任后的首次出訪選擇了德國和法國，德法兩國也均表將與德法兩國深化在汽車制造、高科技、新能源、數(shù)字經(jīng)濟、半導(dǎo)體域的合作。第8頁2023年上半年中國海外投資概覽13.9億美元同比增長13.9億美元同比增長225%12宗同比下降45%?主要投向澳大利亞的采礦與金屬業(yè)，房地產(chǎn)、酒店與建6.1億美元6宗同比下降24%同比下降14%及的先進制造與運輸業(yè)。?二季度的主要交易為中企收購南非某水泥生產(chǎn)商，是該外發(fā)展戰(zhàn)略，布局新興市場的又一關(guān)鍵果和數(shù)量為歷屆之最，中非經(jīng)貿(mào)合作發(fā)展新臺階。16.3億美元同比下降61%87宗同比下降3%4%，其中對越35%。中企在分別本期摘要對外直接投資海外并購對外承包工程安永推薦閱讀海外并購(M&A)(續(xù))19.5億美元同比下降28%49宗同比增長11%TMT洲并購分點(較4月預(yù)測)2。資料來源：1.美國勞工部，2023年6月數(shù)據(jù)；2.《世界經(jīng)濟展望報告》更新，國際貨幣基金組織(IMF)，2023年7月；《世界經(jīng)濟展望報告》，國際貨幣基金組織(IMF)，2023年4月；3.注：東盟五國包括馬來西亞、印度尼西亞、泰國、菲律賓和新第9頁2023年上半年中國海外投資概覽本期摘要本期摘要對外直接投資海外并購對外承包工程安永推薦閱讀海外并購(M&A)(續(xù))20232023年上半年中企宣布的海外并購前十大目的地 (按交易金額，億美元)2023年2022年130.3//2英國21.29.83美國19.326.44澳大利亞13.94.15越南4.71.56德國4.12.27埃及3.8//83.211.792.44.00南非2.3//2023年上半年中企宣布的海外并購前十大目的地 (按交易數(shù)量，宗數(shù))2023年2022年1美國413723193德國63432052206英國077978加拿大878意大利840越南720法國790馬來西亞76第10頁2023年上半年中國海外投資概覽2,0001,0000本期摘要2,0001,0000本期摘要對外直接投資海外并購對外承包工程安永推薦閱讀對外承包工程(EPC)包工程新簽合同額持續(xù)下降，完成營業(yè)額基本持平?新簽合同額946.7億美元，同比下降8.6%?完成營業(yè)額707.3億美元，基本持平1.阿聯(lián)酋某單體公寓建設(shè)項目(總投資約10.07億美元)2.東非原油外輸管道項目(合同金額約8.06億美)3.沙特某石化工程總承包項目(合同金額約7.2億美元)4.埃塞俄比亞工業(yè)園項目(合同金額暫約6億美元)1.資料來源：公開信息整理第11頁2023年上半年中國海外投資概覽22023年上半年中國對外承包工程新簽合同額(億美元)3,0002,6032,5552,5852,53111,0604355624741136408553506105243051855498949256953594751543220192020202120222023一季度二季度三季度四季度202023年上半年中國對外承包工程完成營業(yè)額(億美元)1,72921,7294803643074162904753954803643074162904753953783017073913173183723313262807086471,5001,000500020192020202120222023一季度二季度三季度四季度料來源：中國商務(wù)部月度簡明統(tǒng)計數(shù)據(jù)經(jīng)驗和全面的服務(wù)領(lǐng)域區(qū)區(qū)地利利時牙利大利?哈薩克斯坦?吉爾吉斯斯坦森堡?巴基斯坦萄牙?羅馬尼亞西班牙耳其?烏茲別克斯坦威特?沙特阿拉伯阿聯(lián)酋?阿爾及利亞哥拉麥隆?剛果民主共和國?埃塞俄比亞比亞?莫桑比克?尼日利亞蘇丹干達比亞?津巴布韋拿大拿大?加勒比地區(qū)色列?玻利維亞?厄瓜多爾買加西哥?委內(nèi)瑞拉根廷1,600+開展業(yè)務(wù)的中企數(shù)量?澳大利亞新西蘭柬埔寨?印度尼西亞?馬來西亞律賓加坡?斯里蘭卡展海外業(yè)務(wù)34,000+34,000+中企參與的項目數(shù)量企的海外項目*以上為過去三年的數(shù)據(jù)第12頁2023第12頁eycomzhcncoin系：員+861058154057jackchan@聯(lián)席主管咨詢服務(wù)主管+861058153891eycom市場拓展主管+862122283388eric.chia@媚+85226293133loletta.chow@年重組稅+861058153230andrew.choy@詢服務(wù)主管+862122282816+862122282798selvcneycom+861058152805julie.hao@所+861058152086gcneycom詢服務(wù)主管+862122282205sucneycom安永(中國)企業(yè)咨詢有限公司+862122288789?美洲區(qū)+16173753792ngzhangeycom?歐洲、中東、印度及非洲(EMEIA)區(qū)華+33146934363qinghua.xu-pionchon@ricc.xiao@多+49211935220153undeeycom+551196252084fernanda.chang@雯管+442079517952ycom?亞太區(qū)+61292485008john.li@+6563096275driankohsgeycom第13頁2023年上半年中國海外投資概覽安永的宗旨是建設(shè)更美好的商業(yè)世界。我們致力幫助客戶、員工及社會各界創(chuàng)造長期價值，同時在資安永堅持創(chuàng)新與技術(shù)投入，通過一體化的高質(zhì)量服詢、戰(zhàn)略、稅務(wù)與交易的專業(yè)服務(wù)領(lǐng)域，安永團隊對當前最復(fù)雜迫切的挑戰(zhàn)，提出更好的問安永是指Ernst&YoungGlobalLimited的全球組織，加盟該全球組織的各YoungGlobalLimited是注冊于英國的一家保證(責任)有限公司，不對外提供任何服務(wù)，不擁有其成員機構(gòu)的任何股權(quán)或控制權(quán)，亦不擔任任何成員機構(gòu)的總部。請登錄/privacy，了解安永如何收集及使用個人信息，以及在個人信息法規(guī)保護下個人所擁有權(quán)利的描述。安永成員機構(gòu)不從事當?shù)胤山沟姆蓸I(yè)務(wù)。如欲進一步了解安永，請瀏覽。?2023安永，中國。APACno.03017983本材料是為提供一般信息的用途編制，并非旨在成為可依賴的會計、稅務(wù)、法律或其他專業(yè)意見。請向您的顧問獲取具體意見。/china2023年上半年中國海外投資概覽OverviewOverviewofChinaoutboundinvestmentofH12023China’soutwarddirectinvestmentmaintainsgrowthmomentum,overseasM&AinLatinAmericaandOceaniasurgesdespitethetotalcontinuestodeclinerk14Aug2023Sincethebeginningofthisyear,China’seconomicsocietieshaveresumednormaloperations,andtheeconomyhascontinuedtorecover,witha5.5%economicgrowthinthefirsthalf1,meetingexpectations.ThemomentumforChinesecompaniestogoabroadhasalsostrengthened,asoutwarddirectinvestment(ODI)continuestogrow.Upcomingeventsinthesecondhalfoftheyear,suchasthethirdBeltandRoadForumforInternationalCooperationandtheinauguralChinaInternationalSupplyChainExpo,willprovidefurtherplatformsforinternationalcooperationanddevelopmentforChinesecompanies.Additionally,therecentreleaseoftheChinesegovernment’sOpinionsonPromotingtheDevelopmentandGrowthofthePrivateEconomyexplicitlyencouragesprivateenterprises(POEs)toexpandoverseasoperationsandactivelyparticipateintheBeltandRoadInitiative(BRI).Italsooutlinessupportforguidingandassistingprivateenterprisesincounteringexternalchallengessuchastradeprotectionism,unilateralism,long-armjurisdictionandenhancingcoordinationamongrelevantdepartmentstoestablishriskpreventionandresolutionmechanismsforthesafetyofprivateentrepreneursandtheiroverseasinterests.EYbelievesthatthesemeasureswillgiveconfidenceandassuranceforPOEstoboldlygoabroad.AsChina’seconomicdevelopmentcontinuestoaccumulatemomentum,Chinesecompanies’overseasexpansionisexpectedtoaccelerateinthesecondhalfoftheyear.However,companiesshouldremaincautiousaboutexternalchallenges,suchascontinuousslowdownininternationalmarketdemand,weaker-than-expectedglobaleconomicrecovery,increasingscrutinyonforeigndirectinvestments,andtherecentvolatilityintheRMBexchangerate,whichrequiresmoreattention.Source:1.ChinaNationalBureauofStatisticsOverviewofChinaoutboundinvestmentofH12023SummaryODISummaryODIOverseasM&AsOverseasEPCSummaryDatarevealsthatinH12023,China’soveralloutwarddirectinvestment(ODI)reachedUS$75.4billion,up9.6%year-on-year(YOY);Non-financialODIamountedtoUS$62.3billion,up14.8%YOY,ofwhichnon-financialinvestmentinBeltandRoad(B&R)countriesreachedUS$11.6billion,growingby15.4%YOY.Chineseenterprisesannouncedatotaloverseasmergersandacquisitions(M&A)valueofonlyUS$11.7billion,thecliningbyYOYtherewereannounceddealsdroppingbyYOYwithasharpdeclineof33%quarter-on-quarter(QOQ)inthenumberofdealsannouncedinthesecondquarter,reachinganewlowforrecentyears.?Sector-wise,power&utilitiesrankedasthetopsectorintermsofdealvalue,withfinancialservicesandadvancedmanufacturing&mobilityrankingsecondandthird,respectively.Thetopthreesectorsaccountedfor54%ofthetotaldealvalue,andpower&utilitiessectorexperiencedasignificantsurge.Intermsofdealvolume,thetopthreesectorswereTMT*,advancedmanufacturing&mobility,andfinancialservices,accountingfor58%ofthetotalvolume.?Regionally,LatinAmericarecordedthelargestM&Adealsinthisperiod,withonlyLatinAmericaandOceaniashowinggrowthindealvalue,whileNorthAmericawastheonlyregionwithanincreaseindealvolume.Newly-signedcontractsforChinaoverseasengineering,procurement&construction(EPC)projectsamountedtoUS$94.7billion,decliningby8.6%YOY;completedturnoverwasUS$70.7billion,remainingrelativelystable.*TheTMTsectorreferstotechnology,media&entertainmentandtelecommunicationsSources:1.ChinaMOFCOM.2.Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon5July2023;EYanalysisPage3OverviewofChinaoutboundinvestmentofH12023117.130.11005004.43.23.03.85.8117.130.11005004.43.23.03.85.838.045.834.531.034.375.434.940.535.839.631.829.629.225.726.4SummaryODIOverseasM&AsOverseasEPCDatarevealsthatinH12023,?Accountingfor18.6%ofthetotal.?Theseinvestmentsweremainlydirectedtowardcountriesandregions38.1132.9150132.920192020202120222023Q1Q2Q3Q420.321.017.817.815.03.94.2105020192020202120222023Q1Q2Q3Q4Note:Duetorounding,sometotalsmaynotcorrespondwiththesumoftheindividualquarters.SourceMonthlyStatisticsinBriefChinaMOFCOMOverviewofChinaoutboundinvestmentofH1202380604020058.225.218060402008.03.8600400200041.631.716.08.699.37.313.919.77.916.728.57.64.7SummaryODIOverseasM&AsOverseasEPClowInH12023,rterlylowThevolumeofannounceddealswas224,decliningby13%.?Moreover,dealvolumeannouncedinthesecondquarterdroppedsignificantlyby33%QOQ,reachinganewlowforasinglequarterinrecentyears.78.220192020202120222023Q1Q2Q3Q46485355351801351711382241569014154514714013712153414011815312312214013420192020202120222023Q1Q2Q3Q4Note:Duetorounding,sometotalsmaynotcorrespondwiththesumoftheindividualquarters.Sources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon5July2023;EYanalysisOverviewofChinaoutboundinvestmentofH12023116923132942857InH12023,?IntermsofM&Adealvalue,thetopthreepopularsectorsinH12023werepower&utilities,financialservices,andadvancedmanufacturing&mobility,togetheraccountingfor54%ofthetotaldealvalue.Power&utilitiesexperiencedasubstantialgrowthof438%,whilefinancialservicesandrealestate,hospitality&constructionalsorecordedcertainincreases.?Notablelargetransactionsannouncedinthesecondquarterthisyearinclude:1.AChineseenterpriseacquiringtwopowerdistributionbusinessesandenergyservicecompaniesinPeru(totalingapproximatelyUS$2.9billion),whichwillhelptheChineseenterpriseexpandandconsolidateitspresenceintheLatinAmericanmarket;2.AChineseenterpriseacquiringarealestateinvestmenttrustintheUK(approximatelyUS$1billion).?Intermsofdealvolume,thepopularsectorswereTMT,advancedmanufacturing&mobility,andfinancialservices.TMTremainedthetophotsector,announcing69transactions,accountingforover30%ofthetotaldealvolume,farsurpassingothersectors.SummaryODIOverseasM&AsOverseasEPCOthers13.121.631.641.351.2**AM&Mreferstoadvancedmanufacturing&mobility;RHCreferstorealestate,hospitality&construction;ciencesFSreferstofinancialservicesCPreferstoconsumerproductsP&Ureferstopower&utilities;M&Mreferstomining&metals.Sources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon5July2023;EYanalysisOverviewofChinaoutboundinvestmentofH1202361NorthAmerica461NorthAmerica49LatinAmericaUS$3.2b9SummaryODIOverseasM&AsOverseasEPCUS$1.6b87AAfricaUS$610m6US$1.4b2Sources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon5July2023;EYanalysisOverviewofChinaoutboundinvestmentofH12023 AmericaUS$3.2bup1,737%YOY9dealsLatinAmericarankedfirstforthefirsttimeinnearlya?Inrecentyears,China’scircleoffriendsinLatinAmericahasbeencontinuouslyexpanding,withBrazilianpresident’svisittoChinainH12023,HondurasestablishingdiplomaticrelationswithChina,andChinaandArgentinasigningacooperationplanundertheBRI.ThesedevelopmentshavefacilitatedtheprogressofChina-LatinAmericaeconomicandtraderelations.Additionally,the16thChina-LatinAmericaEntrepreneursSummitisscheduledtobeheldinBeijinginthesecondhalfofthisyear,whichisexpectedtofurtheroteexchangesandcooperationbetweenChineseandLatinAmericancompaniesformutualdevelopment.?TheeconomicgrowthofmajorLatinAmericancountriesthisyearisexpectedtobeforMexico2.4%forPeru,and2.1%forBrazil,leadingotherLatinAmericannations.However,Argentina’seconomyisexpectedtodeclinebySources:WorldEconomicOutlookupdate,IMF,July2023;WorldEconomicOutlook,IMF,April2023OverviewOverviewSummaryODIOverseasM&AsOverseasEPCdown44%YOY61dealsdown24%YOY?TheannouncedM&Adealvaluewasthelowestforthesameperiodinnearlyadecade.?Over40%oftheM&Adealvaluewasinvestedinthefinancialservicessector,withotherpopularsectorsincludingmining&metalsandrealestate,hospitality&construction.?ThemaindestinationsforinvestmentsweretheUKandGermany,withM&Adealvaluesrisingagainstthetrendby117%and91%,respectively.Thetwocountries’combinedM&Adealvaluesaccountedfor86%ofthetotalannouncedM&AdealsinEurope.?Lately,high-levelvisitsbetweenChinaandEuropehavebeenfrequent,andChinaattachesgreatimportancetotheEuropeanmarketintermsofeconomicandtradecooperation.InJunethisyear,ChinesePremierLiQiangmadehisfirstofficialvisittoGermanyandFranceaftertakingoffice.LeadersfrombothGermanyandFranceexpressedtheiroppositiontoanyformof“decoupling”andwelcomedChinesecompanies’investmentintheircountries.Inthefuture,ChinaisexpectedtodeepencooperationwithGermanyandFranceinareassuchasautomobilemanufacturing,hightechnology,newenergy,digitaleconomyandsemiconductors.?In2023,theoveralleconomicgrowthofEuropeancountrieswillbeweak,withrelativelyhighinflationlevels.TheEurozoneisexpectedtogrowbyonly0.9%thisyear,laverageofandGermanyisexpectedtodeclinebyofChinaoutboundinvestmentofH1202349deals?NorthAmericaistheonlycontinentwheretheM&Adealvolumehasincreased.TheTMTsectorsawasignificantgrowthintransactionvolumeby150%,mainlydirectedtowardsoftwaredevelopmentandelectroniccomponents.M&Adealsinthehealthcare&lifesciencesandctorsaccountedforofthetotalMAdealvaluebyChinesecompaniesinNorthAmerica.?Currently,theUSinflationratehasdecreasedtoaround3%1.ItispredictedthattheUSeconomywillgrowby1.8%thisyear,withstronggrowthinconsumerspending.TheIMFhasreviseditsforecastfortheUSeconomyby0.2percentagepointshigherthantheAprilforecast2.US$1.6b87dealsdown3%YOY?ThetopthreeM&AdestinationsinAsiawereVietnam,SingaporeandJapan,accountingfor64%ofthetotalM&Adealvalue,withinvestmentsinVietnamshowingacounter-trendincrease,withboththeinvestmentamountandnumberofdealsincreasingbyover200%.?Overall,investmentactivityhasincreasedinASEANcountries,withaYOYgrowthof35%inthenumberofM&Adeals.ThemainsectorsforChineseM&AinAsiawererealestate,hospitality&construction,financialservicesandadvancedmanufacturing&mobility.?ItispredictedthatIndiaandtheASEAN-53countrieswillgrowby6.1%and4.6%respectivelythisyear,withthePhilippinesandVietnamleadingASEANwitheconomicgrowthratesof6%and%,respectively2.Sources:1.U.S.DepartmentofLabor,June2023data;2.WorldEconomicOutlookupdate,IMF,July2023;WorldEconomicOutlook,IMF,4.TheStateCouncilChinaApril2023;includesMalaysia,Indonesia,Thailand,thePhilippines,andSingapore;of3.Note:ASEAN-5SummaryODIOverseasM&AsOverseasEPCUS$1.4b12dealsYOY?TheinvestmentsweremainlyinAustralia’smining&metals,realestate,hospitality&construction,andconsumerproductssectors AfricaUS$610mdown24%YOYsdownYOY?MainlyinvestedinSouthAfricaandEgypt’sadvancedmanufacturing&mobilitysector.AmajortransactioninQ2wastheacquisitionofaSouthAfricancementproducerbyaChineseverseasdevelopmentstrategyandwillstrengthenitsleadingpositionintheregion.?Chinahasbecomethefourth-largestsourceofinvestmentinAfricaandremainsthelargesttradingpartner4.Recently,theullyheldinChina,withthenumberofsignedagreementsreachingarecordhigh.China-Africaeconomicandtradecooperationismovingtowardsanewstageofhigh-qualitydevelopment.?Thisyear,EastAfricancountriesareexpectedtomaintainhigheconomicgrowth,withEthiopia,KenyaandTanzaniaexpectedtoOverviewofChinaoutboundinvestmentofH12023inH(Bydealvolume)H12023H120221S41372re3193Germany634Japan3205Australia2206077SouthKorea978Canada878Italy840Vietnam72079076SummaryODIOverseasM&AsOverseasEPCinH(Bydealvalue:US$million)H12023H1202213.0//222.11.03US1.92.644Australia1.40.45Vietnam0.50.2660.40.27Egypt0.4//88gapore0.31.29Japan0.20.40SouthAfrica0.2//Sources:Refinitiv;Mergermarket,includingdatafromHongKong,MacauandTaiwan,anddealsthathavebeenannouncedbutnotyetcompleted,datawasdownloadedon5July2023;EYanalysisOverviewofChinaoutboundinvestmentofH120232001000156.0154.9155.010002001000156.0154.9155.01000SummaryODIOverseasM&AsOverseasEPCInH12023tractsworthUSbdownYOY?Amongthem,B&RnewcontractsamountedtoUS$47.6b,up8.8%YOY,whichaccountingfor50.3%ofthetotalforthesameperiod.?Chineseenterprises’overseasEPCcompletedturnoverreachedUS$70.7b,remainingrelativelystable.letedturnoveramountedtoUSbupYOYconstitutingofthetotalforthesameperiod.?NotablenewoverseasEPCprojectssignedbyChineseenterprises1inQ2include:1.AresidentialtowerprojectintheUAEwithaninvestmentofaboutUS$1billion;2.AnEastAfricancrudeoilexportpipelineprojectwithacontractvalueaboutUS$806million;3.ApetrochemicalengineeringprojectinSaudiArabiawithacontractvalueaboutUS$720million;4.AnindustrialparkprojectinEthiopiawithacontractvalueaboutUS$600million.300260.3255.5258.5253.1106.0106.094.756.951.543.243.556.247.443.051.855.440.855.350.6113.6105.249.298.953.520192020202120222023Q1Q2Q3Q4200172.948.48.036.430.741.629.047.539.537.830.170.739.131.731.828.070.864.720192020202120222023Q1Q2Q3Q4Source:1.PublicdomaininformationNote:Duetorounding,sometotalsmaynotcorrespondwiththesumoftheindividualquarters.SourceMonthlyStatisticsinBriefChinaMOFCOMOverviewofChinaoutboundinvestmentofH12023alnetworksaroundtheglobebuildingontheexistingChinaBusinessGroupintheAmericasEMEIAandAsiaPacificareas,andprovidesChineseclientswithone-stopservices,coveringallstagesofoverseasinvestment,fromplanningtoexecutionandpost-dealintegration.CountriesandregionsalongBR??Austria?Belgium?DenmarkFinlandanceany?Hungary?Italyzakhstan?Kyrgyzstan?Luxembourg?Netherlands?NorwayPakistand?Portugal?Switzerland?Turkey?UnitedKingdom?Uzbekistan?Bahrain?Egypt?Kuwait?SaudiArabia?UnitedArabEmirates?India?Algeria?Angolaeroon?Democraticublicof?Ethiopia?Libyazambique?Nigeria?SouthAfricathSudan?Zambia?Z