China's ODI Up 7.2% Year-On-Year Over First 8 Months of 2022

HeatherZou

HeatherZ...

· 2022.09.24 09:24

China's outward non-financial direct investment in member countries along the "Belt and Road" rose 8.2% year on year, accounting for 18.6% of the total amount, up 0.5 percentage points from the same period last year.

Image Source : China Visual

Image Source : China Visual

BEIJING, September 23 (TMTPOST) – From January to August, China's outward non-financial direct investment (ODI) reached 492.76 billion yuan, an increase of 7.2% (equivalent to 75.11 billion U.S. dollars, an increase of 5.8%), according to the data released by the Ministry of Commerce on Thursday.

Investment in leasing and business services rose 25.1% year on year, investment in wholesale and retail trade rose 13% year on year, and investment in manufacturing, construction, scientific research, technical services, and other fields also grew.

Outward non-financial direct investment in membership countries along the "Belt and Road" climbed 8.2% year on year, accounting for 18.6% of the total amount, up 0.5 percentage points from the same period last year.

The data also shows that from January to August, China's foreign contracting projects completed turnover came to 611.37 billion yuan, up 2.3% (equivalent to $93.19 billion, up 1%). Newly signed contracts amounted to 846.17 billion yuan, down 5.9% (equivalent to $128.98 billion, down 7.2%). Contracted projects in countries along the "Belt and Road" completed a turnover of $50.75 billion, and $66.76 billion in new contracts, accounting for 54.5% and 51.8% of the total, respectively.

"At present, the world economy is facing multiple challenges, unilateralism and protectionism are on the rise, and the global consensus on openness has weakened. China always supports economic globalization, unswervingly promotes a high level of opening up to the outside world, accelerates the construction of a new development pattern, and provides more market opportunities, investment opportunities, and growth opportunities for enterprises from all countries." Shu Jueting, a spokesperson from China's Ministry of Commerce said.

Since China's accession to the WTO, more countries have been involved in free trade cooperation with China. A global network of high-standard free trade zones that cooperate with member countries along the "Belt and Road" and other neighboring countries based on the periphery has been gradually formed. The next step will be making efforts to promote the implementation of the Free Trade Agreement (FTA) upgrade strategy from the three aspects of "expansion, quality enhancement, and efficiency improvement".

本文系作者HeatherZou授权钛媒体发表,并经钛媒体编辑,转载请注明出处、作者和本文链接
该文观点仅代表作者本人,钛媒体平台仅对用户提供信息及决策参考,本文不构成投资建议。
想和千万钛媒体用户分享你的新奇观点和发现,点击这里投稿 。创业或融资寻求报道,点击这里

敬原创,有钛度,得赞赏

”支持原创,赞赏一下“
钛粉41450 钛粉81947 钛粉48375 想暴富257467 钛粉61006 AIBEN
556人已赞赏 >
556换成打赏总人数556人赞赏钛媒体文章
关闭弹窗

挺钛度,加点码!

  • ¥ 5
  • ¥ 10
  • ¥ 20
  • ¥ 50
  • ¥ 100

支付方式

确认支付
关闭弹窗

支付

支付金额:¥6

关闭弹窗
sussess

赞赏金额:¥ 6

赞赏时间:2020.02.11 17:32

关闭弹窗 关闭弹窗

注册邮箱未验证

我们已向下方邮箱发送了验证邮件,请查收并按提示验证您的邮箱。

如果您没有收到邮件,请留意垃圾邮件箱。

更换邮箱

您当前使用的邮箱可能无法接收验证邮件,建议您更换邮箱

账号合并

经检测,你是“钛媒体”和“商业价值”的注册用户。现在,我们对两个产品因进行整合,需要您选择一个账号用来登录。无论您选择哪个账号,两个账号的原有信息都会合并在一起。对于给您造成的不便,我们深感歉意。