Cargo ships dock at Yangpu port of Hainan province on May 26, 2020. (PHOTO / CHINA DAILY)
China's non-financial outbound direct investment continued to register double-digit growth in the first five months of the year, the Ministry of Commerce said on Thursday.
Domestic investors made about $51.78 billion (370.36 billion yuan) of non-financial ODI for January-May, said Shu Jueting, a spokesperson for the ministry, adding that the figure was up 16.1 percent from the same period last year.
The non-financial ODI in countries involved in the Belt and Road Initiative maintained strong expansion, growing 19.6 percent from one year earlier to over $9.16 billion during the first five months, Shu said.
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The contract value of China's foreign contracted projects came in at around 493.9 billion yuan ($69 billion) in the first five months, down 2.6 percent year-on-year, while business turnover climbed 8 percent to over 371.9 billion yuan, she added.
