China Jan.-Nov. outbound investment in B&R countries totaled 12.37 bln USD

China's non-financial outbound direct investment (ODI) from January to November fell 33.5 percent year on year to 107.55 billion U.S. dollars, the Ministry of Commerce (MOC) said Thursday.

The decline narrowed from the 40.9-percent drop for the first 10 months this year. MOC spokesman Gao Feng said irrational outbound investment had been further curbed.

In August, China announced policies to restrict overseas investment by Chinese companies in fields such as real estate and sports clubs while encouraging them to invest in infrastructure and new technology.

However, China's non-financial ODI in countries involved in the Belt and Road Initiative continued to expand, totaling 12.37 billion U.S. dollars in the first 11 months, Gao said.

Belt and Road deals accounted for 11.5 percent of total investments, up from 8.3 percent of all deals in the year-ago period, Gao said.