From January to July 2021, non-financial direct investment by Chinese enterprises in 56 countries along the Belt and Road amounted to RMB73.07 billion, up by 1.2% year-on-year (or USD 11.29 billion, up by 9.9% year-on-year), accounting for 18% of total investment over the same period, one percentage point higher than last year. The investment mainly flowed to countries such as Singapore, Indonesia, Bangladesh, Vietnam, Malaysia, Thailand, Kazakhstan, Saudi Arabia, the UAE and Laos.
With respect to contracting foreign projects, Chinese enterprises have newly signed 2,936 contracts with 60 countries along the Belt and Road with a contract value of RMB416.94 billion, down by 11.7% year-on-year (or USD64.42 billion, down by 4.1% year-on-year), accounting for 52.3% of the total value of China’s newly-signed contracts for foreign projects over the same period. The turnover reached RMB292.93 billion, up by 3.1% year-on-year (or USD45.26 billion, up by 11.9% year-on-year), accounting for 57.6% of the total turnover over the same period.
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