Overseas investment posts steady increase
Print Edition
China’s non-financial outbound direct investment increased 10.6 percent year on year to US$115.83 billion in the first 10 months of the year, Ministry of Commerce data revealed yesterday.
The data showed that Chinese companies’ non-financial ODI in countries participating in the Belt and Road Initiative reached US$26.65 billion, up 3 percent from the previous year.
During the period, the turnover of contracted overseas projects by Chinese companies amounted to US$124.38 billion, an increase of 2 percent, and the value of newly signed contracts rose 15.3 percent to US$177.65 billion.
In particular, the turnover of contracted projects undertaken by Chinese companies in BRI participating countries stood at US$100.82 billion during the period, up 0.8 percent year on year, while the value of Chinese companies’ newly signed contracts in these countries reached US$148.64 billion, jumping 15.7 percent annually, the data showed.
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