China's non-financial outbound direct investment down

0 Comment(s)Print E-mail Xinhua, December 24, 2021
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Aerial photo taken on July 24, 2020 shows the China-Laos Railway's Ban Ladhan Mekong River Super Major Bridge in Laos. [Photo/Xinhua]

China's non-financial outbound direct investment (ODI) reached 640.38 billion yuan in the first 11 months of the year, down 2.9 percent year on year, official data showed Thursday.

In U.S. dollar terms, the period's ODI rose 4.3 percent from a year ago to 99.13 billion dollars, according to the Ministry of Commerce.

In the January-November period, investment into countries along the Belt and Road increased 12.7 percent year on year to 17.99 billion U.S. dollars, the data showed.

Outbound investment in multiple fields continued to grow during the period. Investment into the manufacturing sector rose 3.7 percent from a year earlier to 16.35 billion U.S. dollars, while that into transport, wholesale and retail, and information services also reported growth momentum.

From January to November, China saw 404 newly-signed foreign contracted projects with a value of more than one hundred million dollars, up 23 from the same period last year, said the ministry.

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