In the January-March period of the current year, non-financial foreign direct investment (FDI) by Chinese companies totaled $20.54 billion, down 48.8 percent year on year, as announced by China's Ministry of Commerce (MOC).
In the given period, 156 new foreign projects (with investment in each project in excess of $50 million) contracted by Chinese companies were worth a total of $34.07 billion, accounting for 79.3 percent of all new foreign contracts signed by Chinese companies.
Meanwhile, in the given period $2.95 billion was invested by Chinese companies in the One Belt, One Road area, up 5.4 percent year on year, accounting for 14.4 percent of the total value of new foreign projects contracted by Chinese companies in the first quarter this year.