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MOFCOM Department of Outward Investment and Economic Cooperation Comments on the China’s Outward Investment and Cooperation in January-April

On May 27, the official from the Department of Outward Investment and Economic Cooperation introduced the situation of China’s outward investment and cooperation in January-April. In January-April, Chinese domestic investors carried out non-financial overseas direct investment in 2,583 overseas enterprises across 137 countries and regions, with an accumulative investment of US$ 26.37 billion, down 56.1% year on year. In April, the outward direct investment reached US$ 5.83 billion, down 70.8% year on year.

The completed turnover of contracted projects overseas was US$ 39.36 billion, down 0.5% year on year; the newly-signed contracts value reached US$ 61.81 billion, up 4.9% year on year. In April, the completed turnover was US$ 10.10 billion, up 8.5% year on year; the value of the newly signed contract was US$ 17.92 billion, up 6.7% year on year; the newly-signed contract value was US$18.85 billion, up 48.1% year on year.

The labor service personnel dispatched overseas reached 147,000, increasing by 6,000 over the same period of last year. At the end of April, the labor service personnel dispatched overseas amounted to 918,000.

Official from the Department of Outward Investment and Economic Cooperation pointed out that China’s outward investment and cooperation in January-April presented the following characteristics:

On outward FDI countries distribution, investment in 45 countries along the Belt and Road line increased with a combined non-financial direct investment of US$3.98 billion, taking up 15.1% of the total investment over the same period of time, 6.9 percentage points higher than that of the same period of last year. The investment mainly flew to Singapore, Laos, Indonesia, Pakistan, Malaysia, Cambodia, Russia, United Arab Emirates and Myanmar. China’s investment in Africa increased 25.3% year on year.

On industrial structure of outward FDI, the outward investment in January-April mainly flewt to commercial service sector, manufacturing and information transmit, software and information technology service sector, taking up 22.6%, 21.5% and 14.0% respectively year on year. Compared with that of last year, the percentage of outbound FDI flowing to manufacturing went up 5.1 percentage points, and that to information transmit, software and information technology service sector increased by 10.4 percentage points.

Regarding contracted projects, in January-April, Chinese enterprises newly signed 1,862 contracted projects in 61 countries along the Belt and Road line, with a contractual value of US$ 31.85 billion, taking up 51.5% of China’s total value of overseas contracted projects over the same period of time; the turnover was US$ 18.95 billion, taking up 48.1% of the total, up 5.6% year on year.