621.78 billion before October! Steady progress in foreign investment cooperation

| gov.cn

Gao Gao, spokesman for the Ministry of Commerce, said on the 14th that from January to October, China's foreign investment cooperation has made steady progress, and domestic investors have made non-financial direct investments in a total of 5365 foreign enterprises in 164 countries and regions around the world. The cumulative investment was 621.78 billion yuan (US $90.46 billion), an increase of 5.9 percent over the same period last year. In October, China's outward direct investment was 66.95 billion yuan ($9.47 billion), up 28 per cent from a year earlier.

From January to October, the turnover of foreign contracted projects was 793.96 billion yuan (US $115.51 billion), basically the same as that of the same period last year, and the newly signed contract was 1.21441 trillion yuan (US $176.68 billion). An increase of 10.1% over the same period last year; Foreign labor cooperation sent 393000 workers of all kinds, and at the end of October there were 1.012 million workers of all kinds, an increase of 19000 over the same period last year.

We will actively promote investment cooperation in the "Belt and Road Initiative" country. 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 outbound 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.

The structure of foreign investment has been continuously optimized, and irrational investment has been effectively curbed. From January to October this year, 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.

There are many large foreign contracted projects, mainly infrastructure construction, promote local development, and achieve mutual benefit and win-win results. From January to October this year, 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. Of the foreign contracted projects undertaken by Chinese enterprises, the contract value of infrastructure construction projects is US $130.4 billion, accounting for 73.8 per cent of the total newly signed contracts. At the end of October, China's foreign contracting enterprises created a total of 830000 local jobs.

According to reports, from January to October, the relevant competent departments handled 4321 new and mergers and acquisitions foreign investment enterprises, and the amount of investment agreed by the Chinese side was 84.88 billion US dollars, of which 4307 were new and mergers and acquisitions of non-financial foreign investment enterprises. The agreed investment by the Chinese side is US $83.58 billion; The Chinese side has agreed to invest US $1.3 billion in 14 new and mergers and acquisitions of foreign investment enterprises in the financial sector. Of the 1092 foreign investment enterprises in the capital increase category, the amount of investment agreed by the Chinese side is US $23.68 billion, of which 1078 are non-financial foreign investment enterprises, and the amount of investment agreed by the Chinese side is US $21.56 billion; There are 14 foreign investment enterprises in the category of increasing capital and financing, and the amount of investment agreed by the Chinese side is US $2.12 billion. (reporter Wang Ke)

621.78 billion before October! Steady progress in foreign investment cooperation

| gov.cn

Gao Gao, spokesman for the Ministry of Commerce, said on the 14th that from January to October, China's foreign investment cooperation has made steady progress, and domestic investors have made non-financial direct investments in a total of 5365 foreign enterprises in 164 countries and regions around the world. The cumulative investment was 621.78 billion yuan (US $90.46 billion), an increase of 5.9 percent over the same period last year. In October, China's outward direct investment was 66.95 billion yuan ($9.47 billion), up 28 per cent from a year earlier.

From January to October, the turnover of foreign contracted projects was 793.96 billion yuan (US $115.51 billion), basically the same as that of the same period last year, and the newly signed contract was 1.21441 trillion yuan (US $176.68 billion). An increase of 10.1% over the same period last year; Foreign labor cooperation sent 393000 workers of all kinds, and at the end of October there were 1.012 million workers of all kinds, an increase of 19000 over the same period last year.

We will actively promote investment cooperation in the "Belt and Road Initiative" country. 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 outbound 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.

The structure of foreign investment has been continuously optimized, and irrational investment has been effectively curbed. From January to October this year, 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.

There are many large foreign contracted projects, mainly infrastructure construction, promote local development, and achieve mutual benefit and win-win results. From January to October this year, 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. Of the foreign contracted projects undertaken by Chinese enterprises, the contract value of infrastructure construction projects is US $130.4 billion, accounting for 73.8 per cent of the total newly signed contracts. At the end of October, China's foreign contracting enterprises created a total of 830000 local jobs.

According to reports, from January to October, the relevant competent departments handled 4321 new and mergers and acquisitions foreign investment enterprises, and the amount of investment agreed by the Chinese side was 84.88 billion US dollars, of which 4307 were new and mergers and acquisitions of non-financial foreign investment enterprises. The agreed investment by the Chinese side is US $83.58 billion; The Chinese side has agreed to invest US $1.3 billion in 14 new and mergers and acquisitions of foreign investment enterprises in the financial sector. Of the 1092 foreign investment enterprises in the capital increase category, the amount of investment agreed by the Chinese side is US $23.68 billion, of which 1078 are non-financial foreign investment enterprises, and the amount of investment agreed by the Chinese side is US $21.56 billion; There are 14 foreign investment enterprises in the category of increasing capital and financing, and the amount of investment agreed by the Chinese side is US $2.12 billion. (reporter Wang Ke)






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