Engineers of China Railway 20th Bureau Group Corp build a bridge for the Marka-Bangula Railway project in Malawi on Aug 10. CHINA DAILY
China's non-financial outbound direct investment increased 11.2 percent year-on-year to $128.63 billion in the first 11 months of the year, according to the Ministry of Commerce on Thursday.
The data showed that Chinese enterprises' non-financial ODI in countries participating in the Belt and Road Initiative registered $30.17 billion, up 5.1 percent from the previous year, said He Yongqian, spokeswoman for the Ministry of Commerce, at a news conference.
During this period, the turnover of contracted overseas projects by Chinese companies amounted to $140.23 billion, an increase of 3.4 percent, and the value of newly signed contracts rose 11.9 percent to $198.79 billion, He said.
In particular, the turnover of contracted projects undertaken by Chinese companies in countries participating in the BRI stood at $116.14 billion during the period, up 2.5 percent year-on-year, while the value of Chinese companies' newly signed contracts in these countries marked $167.95 billion, up 11.8 percent year-on-year, He added.
