China’s Non-Financial Direct Investments in Countries along the Belt & Road stood at 10.27 billion U.S. Dollars in the first seven months, up by 28.9 percent year on year, data showed on Thursday.

The investments accounted for 17 percent of China’s total non-financial outbound direct investments in the same period, up by 4.5 percentage points year on year, according to the Ministry of Commerce.

In terms of foreign contracted projects, Chinese Enterprises have signed new contracts worth 67.18 billion U.S. Dollars in Countries along the Belt & Road in the January – July Period.

The New Contract value accounts for 55.2 percent of China’s Foreign contracted projects in the same period.

The completed turnover of foreign contracted projects in Belt & Road Countries was 40.43 billion U.S. Dollars, accounting for 57.8 percent of the Country’s total.

But China’s Non-Financial Outbound Direct Investment (ODI) went down 2.1 percent year on year in the first seven months of 2020 according to Official Data. The ODI amounted to 423.65 billion yuan (or 60.28 billion U.S. dollars) in the period, according to the Ministry of Commerce.