MofCom: China’s BRI investment grew 16% from January to May

The value of new foreign-contracted projects in countries along the “Belt and Road” (BRI) amounted to US$46.98 billion, up 0.1 per cent year-on-year, accounting for 54.8% of the value of all new contracts for China’s foreign contracted projects.

Data released by the Ministry of Commerce recently show that from January to May this year, Chinese investors had made non-financial direct investment into a total of 3,570 foreign enterprises in 157 countries and regions of the world, with a total investment of 296.27 billion yuan, down 1.6% year-on-year.

New contracts for outsourced projects were signed for 601.88 billion yuan, up 14.4 percent year-on-year.

From January to May, China’s non-financial direct investment in countries along the “Belt and Road” was US$6.53 billion, up 16% year-on-year.

The value of new foreign-contracted projects in countries along the “Belt and Road” (BRI) amounted to US$46.98 billion, up 0.1 per cent year-on-year, accounting for 54.8% of the value of all new contracts for China’s foreign contracted projects.

In terms of the direction of investment flows, the main flows were to the leasing and business services industry and the wholesale and retail industry, with year-on-year increases of 35.6 per cent and 61.5% respectively.

From January to May, the number of China’s new major foreign-contracted projects increased. There were 319 new projects with a contract value of US$50 million or more, an increase of 32 projects over the same period of the previous year. 189 projects were valued at more than US$100 million, an increase of 34 over the same period last year.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/06/22/mofcom-china-s-bri-investment-grew-16-from-january-to-may/.

Leave a Reply

Please Login to Comment