BEIJING - China's non-financial outbound direct investment (ODI) rose 9.1 percent year-on-year to $22.97 billion in the first two months of 2025, data released Thursday by the Ministry of Commerce (MOC) shows.

Chinese companies' non-financial ODI in Belt and Road partner countries expanded 17.6 percent from the previous year to total $5.52 billion for January to February.

READ MORE: China's non-financial ODI up 12.4% in first eight months

During the period, the turnover of overseas projects contracted by Chinese companies amounted to $18.34 billion, down 5.6 percent. The value of new contracts surged 28.7 percent to $35.34 billion.

The turnover of contracted overseas projects undertaken by Chinese companies in Belt and Road partner countries was $15.06 billion during the period, down 5.2 percent year-on-year.

READ MORE: China's ODI over $163b in 2022, ranked second globally

The value of new contracts signed by Chinese companies in these countries totaled $30.92 billion, up 33.7 percent, according to the data.