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Haikou Jiangdong New Area
Investment

Chinese companies' investment in B&R countries increases USD11.9 bln in Jan.-Oct.

November 19, 2018


Abstract : Chinese companies added 11.9 billion U.S. dollars of investment to 55 countries along the Belt and Road from January to October, according to data from China's Ministry of Commerce (MoC).

BEIJING, Nov. 19 (Xinhua) -- Chinese companies added 11.9 billion U.S. dollars of investment to 55 countries along the Belt and Road from January to October, according to data from China's Ministry of Commerce (MoC).

The data showed that outbound non-financial direct investment of Chinese investors to 4,905 companies in 155 countries and regions reached 89.57 billion U.S. dollars, growing 3.8 percent from a year ago.

Gao Feng, spokesman of the MoC, introduced that the structure of China's outbound investment has been optimized and irrational investment has been effectively restrained.

From January to October, China's outbound investment mainly flowed to leasing, commercial services, mining, wholesale and retailing, which accounted for 32.1 percent, 17 percent, 9.4 percent and 9.2 percent of the total, respectively, while there was no new investment in real estate, sports and entertainment.

During the same time period, newly contracted large overseas projects greatly drove up goods exports. The number of overseas contracted projects each valued more than 50 million U.S. dollars was 573 in the first ten months, with a total value of 142.8 billion U.S. dollars and accounting for 84.9 percent of new projects. Exports related to overseas contracted projects were 14.34 billion U.S. dollars, up 15.9 percent from a year earlier.  (Edited by Yang Qi, kateqiyang@xinhua.org)

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Keyword: China B&R ODI

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