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