CHINA China's investment in B&R countries posts stable growth in Jan.-Feb.

CHINA

China's investment in B&R countries posts stable growth in Jan.-Feb.

Xinhua

18:51, March 26, 2020

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Photo: Xinhua

BEIJING, March 26 (Xinhua) -- China's investment in countries along the Belt and Road (B&R) soared 18.3 percent year on year to 2.72 billion U.S. dollars in the first two months despite the economic fallout from the coronavirus epidemic, official data showed Thursday.

The value of engineering contracts signed by Chinese enterprises in 59 countries along the B&R in January and February stood at 15.36 billion U.S. dollars, surging 25.6 percent year on year, a spokesperson with the Ministry of Commerce told an online press conference.

Meanwhile, China's non-financial outbound direct investment in 147 countries and regions amounted to 107.86 billion yuan (about 15.5 billion U.S. dollars) over the same period, up 1.8 percent year on year.

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