Spending from January to November exceeds amount for all of last year

Chinese outbound investment rose a dramatic 28.3 percent in the first 11 months of the year as the world's second-largest economy acquired foreign assets amid its growing global economic clout.

Outbound investment, calculated on the basis of deals closed, rose to $80.2 billion in the January-November period, exceeding the $77.2 billion for all of last year, the Ministry of Commerce said on Wednesday.