Friday, November 8, 2024

China’s non-financial ODI up 12.4% in first eight months

Must read

China’s non-financial outbound direct investment increased 12.4 percent year on year to 94.09 billion US dollars in the first eight months of the year, data from the Ministry of Commerce showed on Thursday.

The data showed that Chinese companies’ non-financial ODI in Belt and Road partner countries reached 20.51 billion US dollars, up 2.2 percent from the previous year.

During the same period, the turnover of contracted overseas projects by Chinese companies amounted to 97.34 billion US dollars, an increase of 5 percent, and the value of newly signed contracts rose 21.1 percent to 149.5 billion US dollars.

The turnover of contracted overseas projects undertaken by Chinese companies in Belt and Road partner countries stood at 78.47 billion US dollars during the period, up 3.6 percent year on year, while the value of Chinese companies’ newly signed contracts in these countries reached 123.21 billion US dollars, up 18.8 percent, the data showed.

Latest article