DM Monitoring
Beijing: China’s nonfinancial outbound direct investment in 58 countries participating in the Belt and Road Initiative rose 18.3 percent to $17.79 billion in 2020 despite the 0.4 percent fall in the overall nonfinancial ODI to $110.15 billion, the Ministry of Commerce said.
Nonfinancial ODI into the BRI-involved economies accounted for 16.2 percent of the total nonfinancial ODI in 2020, up 2.6 percentage points from a year earlier, said Gao Feng, a spokesman for the ministry.
Contracts for new projects in the BRI-related economies amounted to $141.46 billion, accounting for 55.4 percent of the total amount last year.
Though the overall ODI reached $132.94 billion last year, up by 3.3 percent on a yearly basis, the ODI into some sectors saw a faster growth than others. These sectors included leasing and commercial services, wholesale and retail, scientific research and technical services, and power production and supply.
