China Economy: Jan.-Feb. overseas investment up 25 percent
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Now for a look at China's investment sector. The Ministry of Commerce said Thursday that Chinese companies invested over 16 billion US dollars overseas in January and February, up 25 percent from the same period last year. More than two-point-one billion US dollars of that total was injected into 50 Belt and Road countries, a 20 percent increase. Analysts said the capital mainly went to the mining, rental and services sectors. They also said that information technology and data transmission and manufacturing were preferred investments. Meanwhile, China also attracted additional foreign investment in January and February. More than eight thousand Chinese companies benefited from the 139 billion US dollars in investment. Ministry data also showed that most of that money went into high-tech manufacturing.