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Economy

China's Shaanxi sees investment along Belt & Road hike 92pct in Jan-July

September 05, 2018


Abstract : Northwest China's Shaanxi Province invested a total of 95 million U.S. dollars in the countries along the Belt and Road routes in the first seven months of the year, representing a year-on-year jump of 92 percent.

陕西

BEIJING, Sept. 5 (Xinhua) -- Northwest China's Shaanxi Province invested a total of 95 million U.S. dollars in the countries along the Belt and Road routes in the first seven months of the year, representing a year-on-year hike of 92 percent, according to statistics of the Shaanxi Provincial Department of Commerce.

Majority of the province's investments went to Malaysia, Kyrgyzstan and other countries, involving such fields as energy and chemical industry, mineral resources development, and building materials.

As of the end of July this year, Shaanxi's outbound investment had amounted to 4.76 billion U.S. dollars, of which 1.14 billion U.S. dollars were invested in the countries and regions along the Belt and Road routes.

In the first seven months of the year, turnover of the province's foreign contracted projects in the countries and regions along the routes was about 1.42 billion U.S. dollars, accounting for 69 percent of the total turnover of the province's foreign contracted projects. (Edited by Hu Pingchao, hupingchao@xinhua.org)

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Keyword: Belt-and-road Shaanxi-province

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