China invests $10b in B&R countries in first three quarters

BEIJING - China's non-financial investment in countries along the Belt and Road (B&R) stood at $10.04 billion in the first three quarters, down 6.9 percent year on year, according to the Ministry of Commerce.

The investment took up 12.4 percent of China's total non-financial outbound investment in the same period, and it went mainly to Singapore, Vietnam, Laos, Indonesia, Pakistan, the United Arab Emirates, Thailand, Malaysia, Cambodia and Kazakhstan.

In terms of foreign contracted projects, Chinese enterprises have signed 4,906 new contracts worth $86.8 billion in countries along the B&R in the first nine months, up 18.4 percent over the same period last year.

The new contract value accounts for 59.2 percent of China's foreign contracted projects in the same period.

The completed turnover of foreign contracted projects in B&R countries was $55.89 billion, down 4.4 percent from the same period last year, accounting for 54.7 percent of the country's total completed turnover of foreign contracted projects.