Nation's ODI further rises in Jan-Aug

Investment in BRI economies grows 22.5% to 140b yuan in reporting period

China's outbound direct investment has continued to grow in the first eight months of this year, especially in economies involved in the Belt and Road Initiative, the Ministry of Commerce said on Thursday.

From January to August, China's outbound non-financial direct investment reached 585.61 billion yuan ($80.17 billion), up 18.8 percent year-on-year. In particular, Chinese companies' non-financial direct investment in the countries and regions involved in the BRI achieved 140.37 billion yuan, up 22.5 percent on a yearly basis, according to the Ministry of Commerce.

Meanwhile, during the eight months, turnover of China's foreign contracted projects reached 648.62 billion yuan, up 6.1 percent year-on-year. The value of China's newly signed contracts in foreign countries reached 863.34 billion yuan, a year-on-year increase of 2 percent.