BEIJING, Feb. 10 – According to recent data from the Ministry of Commerce, China has seen a consistent rise in its outbound investments over the past year. The figures for 2023 indicate a significant increase in non-financial outbound direct investment (ODI), emphasizing China’s growing global economic influence.
In 2023, China’s non-financial ODI witnessed a 16.7% increase compared to the previous year, amounting to 916.99 billion yuan. When converted to U.S. dollars, this investment equals approximately 130.13 billion dollars, marking an 11.4% rise from the preceding year.
A notable aspect of this growth is China’s investment in countries that are part of the Belt and Road Initiative. Here, the non-financial ODI saw an impressive jump of 28.4% year on year, reaching 224.09 billion yuan. This surge highlights China’s strategic focus on the Belt and Road Initiative, which aims to enhance regional connectivity and economic cooperation.
Moreover, the turnover from China’s contracted projects overseas also experienced growth. In 2023, it escalated by 8.8% compared to the previous year, reaching a total of 1.13 trillion yuan. This growth underscores China’s expanding role in global infrastructure and development projects.
The Ministry of Commerce’s report on China’s outbound investment reflects the country’s continued economic expansion and its commitment to international investments and collaborations.
