BEIJING, CHINA – Between January and July 2023, Chinese enterprises made non-financial direct investments totaling US$13.69 billion (RMB95.34 billion) in Belt and Road countries, demonstrating a surge of 23.2 percent compared to the previous year.
This growth amounts to approximately US$13.69 billion (a year-on-year increase of 15.3 percent), constituting nearly one-fifth of the overall investment during the same period.
These findings were disclosed by Shu Juetin, spokesperson for the Chinese Ministry of Commerce, during the routine press conference held on August 17, as reported by China Economic Net.
China has successfully maintained a consistent upward trajectory in non-financial foreign investments.
The growth rate of China’s direct investment in countries along the Belt and Road Initiative significantly surpasses the average level.
The Ministry of Commerce data reveals a sustained growth in China’s foreign investments, with non-financial direct investments totaling US$71.93 billion (RMB500.94 billion), reflecting an 18.1 percent year-on-year increase and a 10.6 percent year-on-year climb.
Over the same period, China’s foreign contracted project earnings experienced a 6.3 percent surge, reaching US$78 billion( RMB563.76 billion).
The value of newly signed contracts amounted to US$103 billion ( RMB746.36 billion), indicating a marginal 0.6 percent year-on-year increase.
Chinese enterprises operating within Belt and Road countries made significant contributions by propelling completed turnover from contracted projects to approximately US$43 billion (RMB312 billion).