China's overseas direct investments up 10.6% to $116B in last 10 months

In first 10 months of year, income from overseas investments up 2% year-on-year

By Emre Aytekin

BEIJING (AA) - China's overseas direct investments (ODI) rose 10.6% in the first 10 months of the year compared to the same period last year.

According to Commerce Ministry figures released Thursday, direct investments made by Chinese companies abroad reached $115.83 billion this January-October.

In 10 months of the year, revenues from overseas investments climbed 2% year-on-year, while the value of newly signed investment contracts jumped 15.3%.

In this period, investments made in countries as part the scope of the Belt and Road Initiative rose 3% year-on-year to $26.65 billion, accounting for 23% of overall investments.

Launched in 2013 with the aim of revitalizing East-West trade on the historic Silk Road route, the initiative has constituted a significant share of China's overseas investments with infrastructure, transportation, communication and other connectivity projects over the last 10 years.

*Writing by Gokhan Ergocun

Kaynak:

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