China’s outbound direct investment rises 11.2% in 11m of ’24

By Nada Ali On Dec 19, 2024

China’s non-financial outbound direct investment (ODI) rose by 11.2 per cent to $128.63 billion in the first 11 months of the year, according to the Ministry of Commerce report.

Chinese companies’ non-financial outward direct investment (ODI) in Belt and Road partner countries increased by 5.1 per cent compared to the previous year, reaching a total of $30.17 billion from January to November.

In the same timeframe, the turnover of overseas projects undertaken by Chinese companies decreased to $140.23 billion, a 3.4 per cent increase, while the value of new contracts rose by 11.9 per cent to $198.79 billion.

Attribution: Xinhua

Subediting: M. S. Salama

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