Chinese ODI surges 16.3% as One Belt One Road kicks in

Silk Road Routes

Chinese ODI: China’s outward direct investment grew by 16.3 % in the first during the first 10 months as it increased investment in transportation, residential construction, electric power engineering, telecommunication and petrochemical projects, with greatest surge occuring along the New Silk Road. The Chinese  mainland committed approximately $ 95.21bn into ODI over the period, investing in  5,553 companies across 152 countries and regions according to data released by the Ministry of Commerce  on Monday.
The 49 nations along the New Silk Road accounted for  $13.17 bn of that total –  up 36.7% year on year. 
China‘s One Belt One Road’ initiative, [which is designed to] improve transnational connections via transportation networks, contributed a lot to the ODI increase, [showing] China’s efforts to power global economic growth,” said Zhang Shuyu, a researcher with the University of International Business and Economics.

Source: xinhuanet