This undated photo shows an aerial view of the Cauchari solar project in Argentina's Jujuy province, which was built by Chinese companies. (PHOTO / XINHUA)
BEIJING – China's outbound direct investment (ODI) grew steadily last year despite external headwinds, rising by 5.2 percent year-on-year to 985.37 billion yuan, the Ministry of Commerce said Thursday.
In US dollar terms, the period's ODI rose 0.9 percent from a year ago to $146.5 billion, according to the ministry.
In 2022, China's non-financial ODI reached 785.94 billion yuan, up 7.2 percent year-on-year
In 2022, China's non-financial ODI reached 785.94 billion yuan, up 7.2 percent year-on-year.
The completed turnover of foreign contracted projects grew 4.3 percent year-on-year to 1.04 trillion yuan, while the contract value of newly signed overseas projects amounted to 1.7 trillion yuan, up 2.1 percent.
Non-financial investment into countries along the Belt and Road increased 3.3 percent year-on-year to $20.97 billion in 2022, accounting for 17.9 percent of the total non-financial ODI in the period.
READ MORE: China's non-financial ODI up 8.5% in Jan-Sept
Outbound investment in multiple fields logged rapid growth. Investments into the wholesale and retail sector rose 19.5 percent from a year earlier, while the manufacturing sector, leasing, and business services also reported growth momentum.