China's non-financial ODI down 1 pct in Jan-May

China's non-financial outbound direct investment (ODI) maintained healthy growth in the first five months of this year, official data showed Thursday.

[File photo: IC]

Non-financial ODI in 3,115 companies from 149 countries and regions amounted to 301.15 billion yuan (about 44.54 billion U.S. dollars) in the January-May period, down 1 percent year on year, the Ministry of Commerce said.

During the period, Chinese companies made a total of 5.63 billion U.S. dollars of investment into 51 countries along the Belt and Road, accounting for 12.6 percent of the total.

The structure of outbound investment continued to improve, with investment mainly going into sectors including leasing and business services, manufacturing and retail as well as information and technology.

Major overseas projects, bringing mutual benefit, promoted growth in local areas. Newly signed overseas projects with contract value of over 50 million U.S. dollars came in at 287 in the first five months, the ministry said.