BEIJING, April 27 (Xinhua) -- China's outbound direct investment(ODI) hit 206.14 billion yuan in the first quarter, a year-on-year increase of 4.6 percent, statistics from Ministry of Commerce showed.
Photo taken on April 1, 2021 shows a workshop of a microwave oven factory of Midea Group, a Chinese home appliance giant, in Foshan City, south China's Guangdong Province. (Xinhua/Li Jiale)
Specifically, non-financial outbound direct investment went down 4.9 percent year on year to 160.81 billion yuan. The turnover of foreign contracted projects was 195.31 billion yuan, basically the same as the same period of last year. Newly signed contract value was 347.24 billion yuan, a year-on-year decrease of 10.2 percent.
In terms of investment destinations, China's investment in countries along Belt and Road routes has grown steadily. In the first quarter, China's non-financial direct investment in countries along the B&R routes was 4.42 billion U.S. dollars, an increase of 5.2 percent year-on-year, accounting for 17.8 percent of total.
The value of newly signed contracted projects in countries along B&R routes was 31.34 billion U.S. dollars, and the completed turnover was 17.75 billion U.S. dollars, representing a year-on-year increase of 19.4 percent.
Data from the Ministry of Commerce showed that China's status as a major outbound investment country is increasingly consolidating. During the 13th Five-Year Plan period(2016-2020), the scale of China's outbound investment is estimated at 740 billion U.S. dollars.
(Edited by Bao Nuomin with Xinhua Silk Road, baonuomin@xinhua.org)
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