BEIJING, Jan. 23 (Xinhua) -- In 2017, the Chinese enterprises' non-financial direct investment in the 59 countries along the Belt and Road routes totaled 14.36 billion U.S. dollars, down 1.2 percent year on year, accounting for 12 percent of the total investment in the period, up 3.5 percentage points, according to the Ministry of Commerce (MOC).
Their investment went mainly to countries including Singapore, Malaysia, Laos, Indonesia, Pakistan, Vietnam, Russia, United Arab Emirates and Cambodia.
Meanwhile, the Chinese enterprises implemented 62 mergers and acquisitions (M&As) in the countries along the Belt and Road routes, with the investment totaling 8.8 billion U.S. dollars, up 32.5 percent year on year.
The deal that the China National Petroleum Corporation (CNPC) and CEFC CHINA invested 2.8 billion U.S. dollars to buy a 12 percent stake in Abu Dhabi National Oil Company (ADNOC) marked the largest M&A transaction under the Belt & Road last year, said the MOC. (Edited by Hu Pingchao, hupingchao@xinhua.org)
A single purchase
