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China's overseas investment and cooperation in steady development

In 2023, the outbound direct investment by the whole industries of China reached 1.04 trillion yuan, an increase of 5.7 percent over the previous year, of which the non-financial direct investment reached 916.99 billion yuan, an increase of 16.7 percent year-on-year. Non-financial direct investment by Chinese enterprises in countries involved in the Belt and Road Initiative was 224.09 billion yuan, up 28.4 percent year-on-year.

In 2023, the turnover of contracted overseas projects by Chinese enterprises was recorded at 1.13 trillion yuan, up 8.8 percent year-on-year, and the value of newly signed contracts was 1.86 trillion yuan, up 9.5 percent from a year earlier. The turnover of contracted projects by Chinese enterprises in countries involved in the Belt and Road Initiative reached 930.52 billion yuan, up 9.8 percent on a yearly basis, and the newly signed contracts reached 1.60 trillion yuan, up 10.7 percent year-on-year.