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China's outbound direct investment surges in Jan.- April

Xinhua, May 16, 2016 Adjust font size:

China's non-financial outbound direct investment (ODI) in the first four months soared 71.8 percent year on year, data from the Ministry of Commerce (MOC) showed Monday.

China's ODI from January to April hit 391.5 billion yuan (about 60.1 billion U.S. dollars), according to an MOC statement.

Chinese enterprises were contracted to build 2,133 overseas infrastructure projects during the period, up some 40 percent.

Domestic firms invested a total of 4.9 billion U.S. dollars, up 32 percent, in 49 countries involved in the Belt and Road Initiative.

ODI in the service sector increased 73.2 percent to 43.8 billion U.S. dollars. Endi