Posted on May 24 2018
Source: Xinhua Silk Road Information Service 2018-05-24
In the first four months of the year, Chinese enterprises' non-financial direct investment in 53 countries along the Belt and Road totaled 4.67 billion U.S. dollars, an increase of 17.3 percent year on year, accounting for 13.1 percent of the countries' outbound investment in the period, according to the Ministry of Commerce.
The investments went mainly to countries including Singapore, Laos, Malaysia, Vietnam, Indonesia, Pakistan, Thailand and Myanmar.
In respect of overseas contracting projects, the number of the newly-signed engineering project contracts of the Chinese enterprises in the countries along the Belt and Road was 1,010 in the first four months of the year, with the contracts worth 28.83 billion U.S. dollars, accounting for 47 percent of the country’s newly-signed foreign engineering contracts, and down 9.5 percent year on year.
Meanwhile, the accomplished turnover of these contracts along the Belt and Road amounted to 24.2 billion U.S. dollars, accounting for 54 percent of the total in the same period, and representing a year-on-year increase of 27.7 percent.