China's investment in B&R countries up 28.9%

BEIJING - China's non-financial direct investments in countries along the Belt and Road (B&R) stood at $10.27 billion in the first seven months, up by 28.9 percent year-on-year, data showed on Thursday.

The investments accounted for 17 percent of China's total non-financial outbound direct investments in the same period, up by 4.5 percentage points year-on-year, according to the Ministry of Commerce.

In terms of foreign contracted projects, Chinese enterprises have signed new contracts worth $67.18 billion in countries along the B&R in the Jan-July period.

The new contract value accounts for 55.2 percent of China's foreign contracted projects in the same period.

The completed turnover of foreign contracted projects in B&R countries was $40.43 billion, accounting for 57.8 percent of the country's total.