4 Jan 2016
Outward Direct Investment Set to Exceed Annual Target
China's outward direct investment continued to register double-digit growth from January to November 2015, according to statistics from the Ministry of Commerce (MOFCOM).
And the country is expected to far exceed the annual 10% growth target for the whole year. The period also saw the proliferation of trade and economic cooperation zones overseas, infrastructure development and overseas contracted projects, with a significant increase in large-scale projects. China is in a stage of capital and industrial exports which effectively supports the Belt and Road Initiative and international cooperation in production capacity.
China's non-financial overseas direct investment from January to November was US$104.13 billion, up 16% year on year. An official of MOFCOM’s Department of Outward Investment and Economic Cooperation said that the Belt and Road initiative played an important leading role. During the period, Chinese enterprises made direct investments in 49 countries along the Belt and Road route for a total value of US$14.01 billion, up 35.3% year on year.
During the period, Chinese enterprises signed 2,998 new contracts in projects covering 60 countries along the Belt and Road route for a combined contracted value of US$71.63 billion, accounting for 43.9% of the total value of China's contracted projects overseas over the same period, up 11.2% year on year. Turnover was US$57.33 billion, accounting for 44.1% of the total turnover of China's contracted projects overseas over the same period, up 6.4% year on year.
MOFCOM will continue to facilitate outward investment, implementing the management model with record filing as the mainstay. Foreign investment cooperation platforms will be actively built under agreements with the countries concerned. Major projects will be promoted by actively carrying out of industrial partnership, establishment of trade and economic cooperation zones overseas, infrastructural development and connectivity with the countries concerned. Supports for investment and financing will be enhanced, with arrangements to implement preferential credit, project finance and export insurance policy. Public service platforms for the "going out" of enterprises will also be improved.