C. China's Hunan sees surging outbound investment during Jan.- Feb.

The outbound direct investment (ODI) of central China's Hunan Province surged 92.9 percent year on year to 390 million U.S. dollars during the first two months of 2021, latest data showed by local authorities.

During the same period, eight enterprises of the province began to invest overseas market, while the value of newly-signed contracts invested by Hunan's entities soared 819.1 percent to 267 million U.S. dollars.

Data showed that Hunan's foreign contracted projects valuing 2.86 billion U.S. dollars were signed in the first two months, up 571.6 percent year on year, while the projects contractors saw their turnover amounting to 452 million U.S. dollars in the period.

Hunan's expatriates of overseas projects are gradually resuming under the stable epidemic prevention and control, providing guarantee for the orderly operation of those projects, according to the local commerce department.

It is noted that the local commerce department recently unveiled 31 key cultivation projects of foreign investment and cooperation in 2021, such as the China-Brazil agricultural science and technology park project, and construction and operation of Pakistani national optical cable network.