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China's investment in B&R countries up 28.9 percent

Release Date:2020-08-24 16:26:10     Source:Xinhua     Author:huaxia

China's non-financial direct investments in countries along theBelt and Road (B&R) stood at 10.27 billion U.S. dollars in the first sevenmonths, up by 28.9 percent year on year, data showed on Thursday.

The investments accounted for 17 percent of China's totalnon-financial outbound direct investments in the same period, up by 4.5percentage points year on year, according to the Ministry of Commerce.

In terms of foreign contracted projects, Chinese enterprises havesigned new contracts worth 67.18 billion U.S. dollars in countries along theB&R in the Jan.-July period.

The new contract value accounts for 55.2 percent of China'sforeign contracted projects in the same period.

The completed turnover of foreign contracted projects in B&Rcountries was 40.43 billion U.S. dollars, accounting for 57.8 percent of thecountry's total.

 

Editor: Galia

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