China’s non-financial ODI up 6.3% in Q1

Cargo ships dock at Yangpu port of Hainan province on May 26, 2020. (PHOTO / FOR CHINA DAILY)

BEIJING – China's non-financial outbound direct investment (ODI) reached 170.95 billion yuan in the first three months of the year, up 6.3 percent year on year, official data showed Thursday.

In US dollar terms, the non-financial ODI rose 8.5 percent from a year ago to $26.92 billion, according to the Ministry of Commerce.

In US dollar terms, the non-financial ODI rose 8.5 percent from a year ago to $26.92 billion, according to the Ministry of Commerce

In the first quarter, non-financial direct investment into countries along the Belt and Road increased 19 percent year on year to $5.26 billion, the data showed.

The ODI into wholesale and retail surged 36.3 percent from a year earlier to $5.45 billion, while investment into the manufacturing sector increased 13.3 percent, said the ministry. 

ALSO READ: China ODI topped $150b in 2020, ranked first globally