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Copyright © 2024 CGTN. 京ICP备20000184号
Disinformation report hotline: 010-85061466
China reported a robust expansion in overseas investment in the first five months of the year, official data showed on Thursday, indicating the country's improved cooperation with global partners.
The country's non-financial outbound direct investment (ODI) came in at $60.2 billion from January to May, up 16.3 percent year on year, data from the Ministry of Commerce showed.
The entrance of China's Ministry of Commerce headquarters, Beijing, China, August 6, 2024. /CFP
Cooperation with countries participating in the Belt and Road Initiative continued to show growth momentum, as ODI in these countries came in at $12.81 billion from January to May, rising 12.7 percent from the same period a year earlier.
The turnover of contracted overseas projects rose 8.8 percent year on year to $58.79 billion. The value of newly signed contracts hit $87.3 billion, marking a rapid increase of 21.7 percent, the data revealed.
The Jakarta-Bandung high-speed train on a platform at the Tegalluar station in Bandung, West Java, Indonesia, May 4, 2024. /CFP
To facilitate Chinese investment in foreign countries and regions, the ministry has issued a regulation on the contracting of overseas projects. The regulation, which will take effect on July 1, will streamline procedures for relevant businesses.