China's non-financial outbound direct investment tops 400 bln yuan

2021-08-19 18:33:26Xinhua Editor : Wang Yifan ECNS App Download

China's non-financial outbound direct investment (ODI) reached 406.52 billion yuan (about 62.68 billion U.S. dollars) in the first seven months of the year, official data showed Thursday.

The ODI went down 4 percent year on year during the period, according to the Ministry of Commerce.

Bucking the overall decline, non-financial direct investment into countries along the Belt and Road increased 9.9 percent year on year in the January-July period, accounting for 18 percent of total ODI, data from the ministry shows.

Investment into services related to information transmission, software and information technology jumped 32.9 percent, while investment into sectors such as manufacturing and transportation also increased.

The ODI from the country's local enterprises rose 10.6 percent from a year earlier and accounting for 77.2 percent of the total ODI in the period, according to the ministry.

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