China added 15.96 billion U.S. Dollars of Non-financial Outbound Direct Investment (ODI) into Countries participating in the Belt & Road Initiative (BRI) in the first 11 months of 2020, up 24.9 percent year on year, according to data released by the Ministry of Commerce on Thursday.
The figure accounted for 16.8 percent of the total ODI during the period, up 3.9 percentage points from the same period last year.
China’s Non-financial ODI went down 3.1 percent year on year in the period, amounting to 659.36 billion yuan (about 95.08 billion U.S. dollars).
Major overseas engineering projects increased. The contract value of newly signed overseas projects came in at about 1.38 trillion yuan (about 211.6 billion U.S. dollars) during the January-November period, down 3.7 percent year on year.
Outbound Investment mainly flowed to sectors including manufacturing, wholesale and retail industries, as well as Software and Information Technology Service Industries.
The ODI Flowing to the Manufacturing Industries amounted to 15.76 billion dollars, accounting for 16.6 percent of the total ODI during the period.