TOKYO -- An overseas acquisition binge propelled China to the No. 2 spot in outbound investment in 2016, according to a United Nations report published Thursday.
The country's foreign direct investment soared 44% last year to a record $183 billion, second only to the $299 billion spent by the U.S., according to the U.N. Conference on Trade and Development. China moved up from fifth place in 2015 to reach its highest spot ever.
