China's Outbound Non-financial Direct Investment Increased 18.8% YoY
China's outbound investment saw steady growth from January to August 2023, the Ministry of Commerce announced on September 21. Non-financial direct investment totaled CNY 585.61 billion, reflecting a 18.8% YoY increase. Among them, Chinese companies invested CNY 140.37 billion in non-financial direct investment in countries participating in the Belt and Road initiative, marking a YoY increase of 22.5%.
The turnover of outbound contracted projects reached CNY 648.62 billion, up 6.1% YoY, and the value of newly signed contracts amounted to CNY 863.34 billion, showing a 2% YoY increase. Chinese enterprises completed contracted projects worth CNY 529.52 billion in countries that participated in the Belt and Road initiative, recording an increase of 4.8% YoY.
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