China's outbound investment exceeded $90 billion in the first 10 months

| gov.cn

Xinhua News Agency, Beijing, 14 Nov (reporters Wang Yuxiao and Chen Weiwei) according to data released by the Ministry of Commerce on the 14th, in the first 10 months of this year, China's cumulative outbound investment was 90.46 billion US dollars, an increase of 5.9 percent over the same period last year

At a regular press conference held by the Ministry of Commerce on the same day, Gao Gao, spokesman for the Ministry of Commerce, said that from January to October, Chinese domestic investors made non-financial direct investments in 5365 foreign enterprises in 164 countries and regions around the world. A total of US $90.46 billion was invested, an increase of 5.9 percent over the same period last year. The turnover of foreign contracted projects was US $115.51 billion, basically the same as that of the same period last year, and the amount of newly signed contracts was US $176.68 billion, an increase of 10.1 percent over the same period last year.

Gao said that in the first 10 months, China has actively promoted investment cooperation with "Belt and Road Initiative" countries. From January to October, Chinese enterprises made new investments in 56 countries along the "Belt and Road Initiative" route, totaling US $11.46 billion, accounting for 12.7 percent of the total foreign investment in the same period. Countries along the "Belt and Road Initiative" route signed new contracts for foreign contracted projects worth US $112.17 billion, accounting for 63.5 percent of the total in the same period, and completed a turnover of US $63.53 billion, accounting for 55 percent of the total in the same period.

According to the introduction of the peak, the structure of foreign investment has been continuously optimized, and irrational investment has been effectively curbed. From January to October, 60 percent of outward investment went to leasing and business services, manufacturing, wholesale and retail, accounting for 32.2 percent, 17.7 percent and 10.8 percent, respectively. Of this total, outward investment to manufacturing, wholesale and retail increased 5.3% and 18.5% respectively over the same period last year. There are no new projects for outward investment in the real estate, sports and entertainment industries.

In addition, there are many foreign contracted projects to promote local development and achieve mutual benefit and win-win results. From January to October, the number of new contracts for foreign contracted projects with a contract value of more than 50 million US dollars reached 587, an increase of 14 over the same period last year, accounting for 84.6 percent of the total number of new contracts signed. Among the foreign contracted projects contracted by Chinese enterprises, the contract value of infrastructure construction projects is 130.4 billion US dollars, accounting for 73.8% of the total newly signed contracts.

China's outbound investment exceeded $90 billion in the first 10 months

| gov.cn

Xinhua News Agency, Beijing, 14 Nov (reporters Wang Yuxiao and Chen Weiwei) according to data released by the Ministry of Commerce on the 14th, in the first 10 months of this year, China's cumulative outbound investment was 90.46 billion US dollars, an increase of 5.9 percent over the same period last year

At a regular press conference held by the Ministry of Commerce on the same day, Gao Gao, spokesman for the Ministry of Commerce, said that from January to October, Chinese domestic investors made non-financial direct investments in 5365 foreign enterprises in 164 countries and regions around the world. A total of US $90.46 billion was invested, an increase of 5.9 percent over the same period last year. The turnover of foreign contracted projects was US $115.51 billion, basically the same as that of the same period last year, and the amount of newly signed contracts was US $176.68 billion, an increase of 10.1 percent over the same period last year.

Gao said that in the first 10 months, China has actively promoted investment cooperation with "Belt and Road Initiative" countries. From January to October, Chinese enterprises made new investments in 56 countries along the "Belt and Road Initiative" route, totaling US $11.46 billion, accounting for 12.7 percent of the total foreign investment in the same period. Countries along the "Belt and Road Initiative" route signed new contracts for foreign contracted projects worth US $112.17 billion, accounting for 63.5 percent of the total in the same period, and completed a turnover of US $63.53 billion, accounting for 55 percent of the total in the same period.

According to the introduction of the peak, the structure of foreign investment has been continuously optimized, and irrational investment has been effectively curbed. From January to October, 60 percent of outward investment went to leasing and business services, manufacturing, wholesale and retail, accounting for 32.2 percent, 17.7 percent and 10.8 percent, respectively. Of this total, outward investment to manufacturing, wholesale and retail increased 5.3% and 18.5% respectively over the same period last year. There are no new projects for outward investment in the real estate, sports and entertainment industries.

In addition, there are many foreign contracted projects to promote local development and achieve mutual benefit and win-win results. From January to October, the number of new contracts for foreign contracted projects with a contract value of more than 50 million US dollars reached 587, an increase of 14 over the same period last year, accounting for 84.6 percent of the total number of new contracts signed. Among the foreign contracted projects contracted by Chinese enterprises, the contract value of infrastructure construction projects is 130.4 billion US dollars, accounting for 73.8% of the total newly signed contracts.


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