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May 18, 2010

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Investments up

CHINA'S overseas direct investment from non-financial sectors totaled US$11.4 billion in the first four months this year, the Ministry of Commerce said yesterday.

In April alone, non-financial ODI stood at US$3.88 billion, up 35.7 percent from March, said ministry spokesman Yao Jian at a press conference.

Business volume in overseas-contracted projects in the first four months hit US$23.08 billion, up an annual 28.7 percent, he said.

New contracts worth US$36.64 billion were signed in the January-April period, down 17.8 percent from a year earlier.

China's non-financial ODI in the first quarter stood at US$7.52 billion, up 103.3 percent from the corresponding period last year, covering 957 overseas enterprises in 102 countries and regions, the ministry said.

 

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