Overseas direct investment from China's non-financial sectors is expected to exceed 50 billion U.S. dollars in 2010, a senior official said Tuesday.

China's outbound ODI in the first half surpassed 20 billion U.S. dollars, and is expected to exceed 50 billion dollars for the whole year, Fan Chunyong, Executive Vice President of China Industrial Overseas Development & Planning Association told a press conference.

China directly invested 605 billion U.S. dollars in the United States during the January~June period, up 360 percent from a year ago; some 1.221 billion U.S. dollars in ASEAN countries, up 125.7 percent year-on-year, 406 billion U.S. dollars in EU, up 107.2 percent, and 264 million U.S. dollars in Russia, a gain of 58.5 percent from the previous year.

By 2013, the figure is expected to reach 100 billion U.S. dollars and capital stock will reach up to 500 billion U.S. dollars, according to Mr. Fan.

The ODI will grow faster than that of China's utilized FDI as the country has slowed its pace to attract foreign investment these years, he added.

China will also provide preferential policies for privately-run enterprises to help them expand overseas business, including credit support, Mr. Fan said.

Data from the Ministry of Commerce shows that the ODI in 2009 from China’s non-financial sectors was 43.3 billion yuan.