Non-financial FDI by Chinese companies down 52.8 percent in Jan-Feb

Friday, 17 March 2017 10:23:47 (GMT+3)   |   Shanghai
       

In the January-February period of the current year, non-financial foreign direct investment (FDI) by Chinese companies totaled $13.43 billion, down 52.8 percent year on year, as announced by China's Ministry of Commerce (MOC).

In the given period, 98 new foreign projects (with investment in each project in excess of $50 million) contracted by Chinese companies were worth a total of $19.39 billion, accounting for 77.4 percent of all new foreign contracts signed by Chinese companies.

Meanwhile, in the given period $1.79 billion was invested by Chinese companies in the One Belt, One Road area, up 5.8 percent year on year, accounting for 13.3 percent of the total value of new foreign projects contracted by Chinese companies in the January-February period this year.

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