China's ODI reaches $12.03b along the Belt and Road countries

Outbound direct investment made by Chinese companies to countries along the Belt and Road Initiative hit $12.03 billion in the first three quarters of 2015, growing by 66.2 percent from same period a year earlier.

In the meantime, Singapore, Indonesia, Russia and Thailand are the main countries gaining China's ODI as they have surging needs to develop service, infrastructure, energy and manufacturing industries under the current global business setting.

Chinese enterprises contracted 3,059 new foreign projects in 57 countries along the Belt and Road Initiative from January to September this year, and signed new contracts with the value of $59.1 billion, accounting for 42.9 percent of the value of new contracts signed for foreign projects contracted by China in the same period, and showing an increase of 24.9 percent year-on-year.

Chinese companies and countries along the Belt and Road Initiative have signed service outsourcing contracts with the value of $11.38 billion, and implemented the contracts with a value of $7.35 billion, up 42 and 13 percent on a year-on-year basis respectively.