Ministry of Commerce: new Investment of US $7.97 billion in countries along Belt and Road Initiative from January to July-Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Copper
  • Silicon
  • Nickel ore
  • Aluminium
  • Inventory data
  • Sales data
  • Market commentary
  • Evening comments
  • Stainless steel
  • Production data
  • Nickel
  • Zinc
  • Morning comments
  • Futures movement

Ministry of Commerce: new Investment of US $7.97 billion in countries along Belt and Road Initiative from January to July

Translation 05:11:25PM Aug 16, 2019 Source:Ministry of Commerce website
The content below was translated by Tencent automatically for reference.

SMM News: from January to July 2019, domestic investors made non-financial direct investment to 4088 overseas enterprises in 153 countries and regions, with a cumulative investment of 432.92 billion yuan, an increase of 3.3 percent over the same period last year; foreign direct investment in July was 68.06 billion yuan, an increase of 25.5 percent over the same period last year. From January to July 2019, the turnover of foreign contracted projects was 549.13 billion yuan, an increase of 2 percent over the same period last year, and the amount of new contracts signed was 820.1 billion yuan, an increase of 1.9 percent over the same period last year. 265000 people were sent to foreign labor service cooperation, basically the same as the same period last year, with 972000 people working abroad at the end of July.

From January to July, China's foreign investment cooperation made steady progress. The main features are as follows:

First, steady progress has been made in investment cooperation between "Belt and Road Initiative" countries. From January to July, Chinese enterprises made new investments in 52 countries along the "Belt and Road Initiative" route, totaling US $7.97 billion, accounting for 12.5 percent of the total in the same period. There were 36 mergers and acquisitions in countries along the "Belt and Road Initiative" route, with an investment of US $1.38 billion. In the countries along the "Belt and Road Initiative" route, the newly signed contract value of foreign contracted projects was US $72.26 billion, accounting for 59.9 percent of the total in the same period, and the completed turnover was US $44.5 billion, accounting for 55.1 percent of the total in the same period.

Second, the structure of foreign investment has been continuously optimized. From January to July, outward investment was mainly directed to leasing and business services, manufacturing, wholesale and retail, and mining, accounting for 30.7 per cent, 18 per cent, 10.1 per cent and 8.1 per cent, respectively. Of this total, outward investment in manufacturing, information transmission / software and information technology services increased by 11.4 per cent and 24.1 per cent, respectively, compared with the same period last year. There are no new projects for outward investment in the real estate, sports and entertainment sectors.

Third, there are many large projects contracted to foreign countries, giving priority to infrastructure construction, promoting local development and achieving mutual benefit and win-win results. From January to July, there were 436 projects with a new contract value of more than US $50 million, an increase of 18 over the same period last year, accounting for 83.5 percent of the total number of new contracts signed. Among the foreign contracted projects contracted by Chinese enterprises, the contract value of infrastructure construction projects is US $97.72 billion, accounting for 81 per cent of the total newly signed contracts. At the end of July, our foreign contracted engineering enterprises created a total of 812000 local jobs.

From January to July 2019, the relevant competent departments handled 2960 new foreign investment enterprises in the category of mergers and acquisitions, with an agreed investment of US $62.05 billion. Of these, 2948 were newly established and merged with non-financial outbound investment enterprises, with an agreed investment of US $60.88 billion, and 12 were newly established and merged with financial outbound investment enterprises, with an agreed investment of US $1.17 billion. Of the 740 foreign investment enterprises in the category of capital increase, the Chinese side agreed to invest US $16.24 billion; of these, 730 were non-financial foreign investment enterprises, with an agreed investment of US $14.44 billion; and 10 were financing foreign investment enterprises, with an agreed investment of US $1.8 billion.

"Click to learn more and sign up for the 2019 (9th) Regenerative lead Battery Industry Summit"

 

Ministry of Commerce: new Investment of US $7.97 billion in countries along Belt and Road Initiative from January to July

Translation 05:11:25PM Aug 16, 2019 Source:Ministry of Commerce website
The content below was translated by Tencent automatically for reference.

SMM News: from January to July 2019, domestic investors made non-financial direct investment to 4088 overseas enterprises in 153 countries and regions, with a cumulative investment of 432.92 billion yuan, an increase of 3.3 percent over the same period last year; foreign direct investment in July was 68.06 billion yuan, an increase of 25.5 percent over the same period last year. From January to July 2019, the turnover of foreign contracted projects was 549.13 billion yuan, an increase of 2 percent over the same period last year, and the amount of new contracts signed was 820.1 billion yuan, an increase of 1.9 percent over the same period last year. 265000 people were sent to foreign labor service cooperation, basically the same as the same period last year, with 972000 people working abroad at the end of July.

From January to July, China's foreign investment cooperation made steady progress. The main features are as follows:

First, steady progress has been made in investment cooperation between "Belt and Road Initiative" countries. From January to July, Chinese enterprises made new investments in 52 countries along the "Belt and Road Initiative" route, totaling US $7.97 billion, accounting for 12.5 percent of the total in the same period. There were 36 mergers and acquisitions in countries along the "Belt and Road Initiative" route, with an investment of US $1.38 billion. In the countries along the "Belt and Road Initiative" route, the newly signed contract value of foreign contracted projects was US $72.26 billion, accounting for 59.9 percent of the total in the same period, and the completed turnover was US $44.5 billion, accounting for 55.1 percent of the total in the same period.

Second, the structure of foreign investment has been continuously optimized. From January to July, outward investment was mainly directed to leasing and business services, manufacturing, wholesale and retail, and mining, accounting for 30.7 per cent, 18 per cent, 10.1 per cent and 8.1 per cent, respectively. Of this total, outward investment in manufacturing, information transmission / software and information technology services increased by 11.4 per cent and 24.1 per cent, respectively, compared with the same period last year. There are no new projects for outward investment in the real estate, sports and entertainment sectors.

Third, there are many large projects contracted to foreign countries, giving priority to infrastructure construction, promoting local development and achieving mutual benefit and win-win results. From January to July, there were 436 projects with a new contract value of more than US $50 million, an increase of 18 over the same period last year, accounting for 83.5 percent of the total number of new contracts signed. Among the foreign contracted projects contracted by Chinese enterprises, the contract value of infrastructure construction projects is US $97.72 billion, accounting for 81 per cent of the total newly signed contracts. At the end of July, our foreign contracted engineering enterprises created a total of 812000 local jobs.

From January to July 2019, the relevant competent departments handled 2960 new foreign investment enterprises in the category of mergers and acquisitions, with an agreed investment of US $62.05 billion. Of these, 2948 were newly established and merged with non-financial outbound investment enterprises, with an agreed investment of US $60.88 billion, and 12 were newly established and merged with financial outbound investment enterprises, with an agreed investment of US $1.17 billion. Of the 740 foreign investment enterprises in the category of capital increase, the Chinese side agreed to invest US $16.24 billion; of these, 730 were non-financial foreign investment enterprises, with an agreed investment of US $14.44 billion; and 10 were financing foreign investment enterprises, with an agreed investment of US $1.8 billion.

"Click to learn more and sign up for the 2019 (9th) Regenerative lead Battery Industry Summit"