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Chinese companies’ investment in certain sectors in some regions surged in January-September this year. For instance, non-financial ODI in Belt & Road countries increased by 29.7% year-on-year, and ODI in the wholesale and retailing sector grew by 41.1% year-on-year. How do you explain such remarkable growth?(2020-10-22)

Since the beginning of this year, the uncertainties and destabilizing factors including COVID-19 have imposed serious impacts on global cross-border investment. From January to September, China’s outward investment remained stable and Chinese companies’ investment in certain sectors in some regions overseas grew despite the general downward trend. Investment in Belt & Road countries increased markedly as the non-financial ODI amounted to USD 13.02 billion, a year-on-year increase of 29.7%; Outward investment in the wholesale and retailing industry also registered a remarkable rise. This fully demonstrates the high economic complementarity between China and the Belt & Road countries, and their huge resilience and potential of commercial cooperation. Chinese companies and their counterparts from relevant countries have deepened and substantiated the Belt and Road cooperation and delivered benefits to the businesses and peoples of the two sides despite the difficulties of the pandemic.

We will continue to encourage and support Chinese companies to further investment cooperation with relevant countries and businesses in accordance with international rules and the principle of “extensive consultation, joint contribution and shared benefits”, pursue high-quality Belt & Road cooperation and bring the economy back to the track of growth, so as to achieve mutual benefits, win-win results and common development. Thank you!