China is making waves again! 🌊 In the first half of 2024, the country's non-financial outbound direct investment (ODI) soared by an impressive 16.6% year-on-year, reaching a staggering $72.62 billion. 📈 This growth beats the 12.5% increase from the first quarter, showing that China is stepping up its game on the global stage. 🌍
The Ministry of Commerce released these figures on Thursday, highlighting China's expanding role in international cooperation and investment. What's more, the Belt and Road Initiative (BRI) is gaining serious momentum! 🚂 ODI in BRI-participating countries jumped 9.2% year-on-year to hit $15.46 billion in just six months. 🛣️✨
But that's not all! The turnover from contracted overseas projects climbed to $72.25 billion, marking a 2.2% increase, while new contracts skyrocketed by 22% to a whopping $115.5 billion. 💼💰 Talk about leveling up! 🕹️
To keep the momentum going, China's Ministry of Commerce rolled out a new regulation on July 1 to streamline overseas contracting procedures. This move is set to make things smoother for businesses looking to invest abroad. 🌐✨
With these bold moves, China is not just participating in the global economy—it's making a splash! Stay tuned, world; China's global engagement is only just heating up. 🔥🌎
Reference(s):
cgtn.com
