BEIJING, Feb. 24 (Xinhua) -- China's non-financial outbound direct investment (ODI) dropped 7.7 percent year on year in the first month of the year, official data showed Monday.

Non-financial ODI in 137 countries and regions amounted to 57.57 billion yuan (8.32 billion U.S. dollars) during the period, according to the Ministry of Commerce (MOC).

China in January saw faster growth in cooperation with Belt and Road countries, adding a total of 1.59 billion U.S. dollars of new investment in 56 B&R countries, up 19.5 percent year on year.

The structure of ODI continued to diversify during the period, with investment mainly going into sectors including leasing and business services, wholesale and retail, as well as manufacturing and mining, according to the ministry.

ODI flow to the tertiary industry rose 4.3 percent year on year to reach 6.51 billion U.S. dollars in January, accounting for 78.3 percent of the total.

During the period, the number of newly signed overseas projects with a contract value exceeding 50 million dollars came in at 52, MOC data showed.

The contract value of these projects totaled 14.06 billion U.S. dollars, accounting for 89.8 percent of the newly signed contracts, the ministry said.

Among the 52 projects, 31 were with a contract value of over 100 million dollars, up 18 from a year ago, with a strong presence of sectors including transportation, power engineering and petrochemical industry, the ministry added. Enditem

Related

Go to Forum >>0 Comment(s)