Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
China's overseas direct investment (ODI) increased 29% y/y to USD56bn in H1 2015. Foreign direct investment (FDI) grew 8% y/y to USD68.4bn.
Commerzbank states, the ODI should continue to rise near term and exceed FDI. The Bank notes, ODI posted a sharp increase as the government encourages local companies to 'go global' as part of its ongoing efforts to
- i) reduce over-investment and overcapacity in a number of industries
- ii) promote the internationalization of the CNY
Other ODI-supportive developments include
- i) various China-led infrastructure institutions such as the Asian Infrastructure Investment Bank (AIIB), the New Development Bank (NDB), and the Silk Road Fund
- ii) plans to merge large state-owned enterprises to make them more competitive globally.
