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Manage   China financial futures exchange set up in Shanghai Apple's iMac feels the need for speed China Life to go listed in A-share market following ICBC China tightens land supply to curb economic overheating Textile export profits to shrink as yuan appreciates Challenges latent in China's rosy trade prospect carve out   Instant noodles use up one-tenth of China's wheat crop Microsoft designs a school system One trillion yuan spent on western infrastructure ICBC to raise up to US$19 billion in possible record-setting IPO Hong Kong Disneyland falls short of 5.6 million visitor target China eyes coalmine killer gas for new energy source Industry   China strives to become int'l service outsourcing powerhouse Supercomputer aiming for petaflop Premier Wen confident in long-term economic boom China Mobile, BOC sign 2008 Olympics co-op deal China Telecom, SMG launch Internet TV service Northwest Cargo company granted additional frequencies to China

China's overseas investment in 2005 hits new high BEIJING, Sept. 4 (Xinhua) -- China's direct investment overseas hit a new high of 12.26 billion U.S. dollars in 2005, exceeding 10billion dollars for the first time, the Ministry of Commerce said Monday. The figure, which excludes investment in the financial sector, rose 123 percent over that of 2004, the ministry said in a statistical bulletin on China's overseas investment in 2005. Out of the number, 3.8 billion dollars came from capital stocks,3.2 billion from reinvested profits and the remaining 5.26 billion dollars were invested through other forms. By the end of 2005, China's aggregated direct overseas investment reached 57.2 billion U.S. dollars, representing 0.59 percent of the world's total overseas investment. Enditem

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