China’s non-financial ODI down 3.2% in Jan-Oct #SootinClaimon.Com

#SootinClaimon.Com : ขอบคุณแหล่งข้อมูล : หนังสือพิมพ์ The Nation.

China’s non-financial ODI down 3.2% in Jan-Oct (nationthailand.com)

China’s non-financial ODI down 3.2% in Jan-Oct

Nov 20. 2020

By China Daily/ANN

BEIJING – China’s non-financial outbound direct investment (ODI) declined 3.2 percent year on year in the first 10 months of 2020, official data showed on Thursday.

ODI amounted to 602 billion yuan (about US$86.38 billion) over the period, according to the Ministry of Commerce.

China added a total of US$14.1 billion in non-financial ODI in countries participating in the Belt and Road Initiative, up 23.1 percent year on year. The figure accounts for 16.3 percent of all ODI during the period, up 3.6 percentage points from the same period last year.

Major overseas engineering projects increased in the first 10 months. The total contract value of newly signed overseas projects came in at 1.16 trillion yuan for the January-October period, down 4.4 percent year on year.  

The number of newly signed overseas projects with contract values exceeding US$50 million was at 590, among which 331 have contract values above US$100 million, four more than the same period last year.

Outbound investment from local enterprises has risen. From January to October, ODI from local enterprises hit 62.75 billion dollars, up 11.7 percent year on year.

Some sectors have seen robust growth in terms of the contract value of their overseas projects. The total value of newly signed contracts for general construction projects stood at US$40.48 billion, surging 36.8 percent year on year, while the value of new contracts for electric power projects rose 10.8 percent to US$39.24 billion. 

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s