CHINAUS AFRICAASIA 中文双语Français
Business\Economy

China invested $14.5 billion in Belt and Road countries last year

By Chen Yingqun | chinadaily.com.cn | Updated: 2017-02-27 14:21

China invested about $14.5 billion in countries along Belt and the Road Initiative routes last year — about 8.5 percent of the country's total overseas investment, an official said.

Song Lihong, an inspector at the Comprehensive Department of the Ministry of Commerce, said great achievements have been made in the three years since the initiative was launched.

Representatives from 93 think tanks and research institutes in China participated in a meeting on Belt and Road development hosted by Renmin University's Chongyang Institute for Financial Studies.

Song said China has already signed agreements to cooperate with 14 countries stretching from Asia to Europe. It has also built 56 trade parks in more than 20 countries. Last year, China's trade volume with countries along the Belt and Road reached 6.3 trillion yuan ($917 billion). A large number of infrastructure projects are either operating or under construction.

Moreover, China has developed people-to-people exchanges in related countries, including setting up education scholarships for students to study in China, and strengthening cooperation with colleges.

BACK TO THE TOP
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US