Chinese investment in Belt and Road countries sees rapid growth
The countries taking part in the Belt and Road Initiative have seen a rapid increase of Chinese investment from January to April, compared with the same period last year, according the Ministry of Commerce.
Forty-five countries along the Belt and Road routes have received US$3.98 billion outbound non-financial investment from China during the first four months of this year, according to a source at the cooperation department of the ministry.
Chinese enterprises signed 1,862 project contracts with the Belt and Road countries from January to April, worth US$31.85 billion in total, accounting for more than 51 percent of the total foreign contract value of Chinese companies at the same period of time.
The main destinations of the Chinese investment from January to April, more than US$100 million each, along the routes are Singapore, Laos, Indonesia, Pakistan, Malaysia, Cambodia, Russia, the United Arab Emirates, Myanmar, Iran, Vietnam and Sri Lanka.
China has become the largest investor in Laos, Pakistan and Uzbekistan during this period of time.
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