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Wednesday, June 03, 2020, 23:00
China's outbound investments to BRI, ASEAN countries jump
By Xinhua
Wednesday, June 03, 2020, 23:00 By Xinhua

BEIJING — China's non-financial outbound direct investment (ODI) climbed by 0.7 percent year-on-year in the first four months of this year, official data showed Wednesday.

China's non-financial ODI in 155 countries and regions stood at 235.08 billion yuan (about US$33.08 billion) during the period, according to the Ministry of Commerce.

China's non-financial ODI in 155 countries and regions stood at 235.08 billion yuan (about US$33.08 billion) during the period, according to the Ministry of Commerce

ALSO READ: China's non-financial ODI down 7.7% in Jan

Chinese companies increased investment in countries participating in the Belt and Road Initiative during the first four months, adding a total of US$5.23 billion of new investment in 53 countries, up 13.4 percent year-on-year.

Non-financial ODI into ASEAN countries jumped by 43.3 percent year-on-year to reach 3.94 billion dollars during the period.

READ MORE: China's ODI remains stable in Jan-Feb

China's investment mainly went into sectors including leasing and business services, wholesale and retail as well as manufacturing, according to the ministry.

The value of newly signed deals rose 2.1 percent year-on-year to reach 458.54 billion yuan, with big projects taking the lion's share. Newly signed projects in industrial and water conservancy construction saw notable increase, data from the ministry showed.


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