Belt and Road

04 Aug 2020

China's Investment Cooperation with Countries Along the "Belt and Road" in the First Half of 2020

04 Aug 2020  by World-Energy   

According to the Ministry of Commerce of China, in the first half of 2020, Chinese companies invested RMB 57.1 billion in non-financial direct investment in 54 countries along the “Belt and Road”, an increase of 23.8% (equivalent to US$8.12 billion, an increase of 19.4%), accounting for 15.8% of the total in the same period, an increase of 3.2 percentage points from the same period last year, mainly invested in Singapore, Indonesia, Laos, Cambodia, Vietnam, Malaysia, Thailand, Kazakhstan and the United Arab Emirates.

In terms of foreign contracted projects, in the first half of the year, Chinese companies signed 2,289 new foreign contracted project contracts in 59 countries along the “Belt and Road”, with a new contract value of RMB 424.02 billion, accounting for 56.3 of the newly signed contract value of China's foreign contracted projects in the same period. %, a year-on-year decrease of 1.7% (equivalent to US$60.3 billion, down 5.2% year-on-year); completed turnover of 250.12 billion yuan, accounting for 58.7% of the total for the same period, down 4.4% year-on-year (equivalent to US$35.57 billion, down 7.8% year-on-year).

More News