China's non-financial ODI up 12.4 pct in first eight months-Xinhua

China's non-financial ODI up 12.4 pct in first eight months

Source: Xinhua

Editor: huaxia

2024-09-26 19:01:17

An aerial drone photo taken on Sept. 15, 2024 shows a view of free zone area of the Gwadar port in Gwadar, southwest Pakistan. Launched in 2013, China-Pakistan Economic Corridor (CPEC), the flagship project under the China-proposed Belt and Road Initiative (BRI), is a corridor linking Gwadar port with Kashgar in northwest China's Xinjiang Uygur Autonomous Region, highlighting energy, transport, and industrial cooperation. (Xinhua/Ahmad Kamal)

BEIJING, Sept. 26 (Xinhua) -- China's non-financial outbound direct investment (ODI) increased 12.4 percent year on year to 94.09 billion U.S. 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 U.S. 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 U.S. dollars, an increase of 5 percent, and the value of newly signed contracts rose 21.1 percent to 149.5 billion U.S. dollars.

The turnover of contracted overseas projects undertaken by Chinese companies in Belt and Road partner countries stood at 78.47 billion U.S. 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 U.S. dollars, up 18.8 percent, the data showed. 

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