BEIJING, 24th May, 2024 (WAM) — China’s non-financial outbound direct investment amounted to 343.47 billion yuan ($47.41 billion) in the first four months of 2024, up 18.7 percent year-on-year, according to data released by the Ministry of Commerce on Thursday.
China Daily said that Chinese companies’ non-financial outbound investment in countries and regions involved in the Belt and Road Initiative surged by 20.4 percent year-on-year, reaching 77.77 billion yuan.
Chinese businesses’ turnover of contracted projects overseas rose 8.8 percent on a yearly basis to 313.42 billion yuan between January and April, while the contract value of newly-signed projects amounted to 444.39 billion yuan, growing 9.3 percent year-on-year.