China's outbound investment and cooperation will see steady growth in 2024, an official from the Ministry of Commerce (MOC) said on Sunday.
The country's non-financial foreign direct investment rose by 10.5 % year-on-year to US$143.85 billion last year, while investment in Association of Southeast Asian Nations (ASEAN) countries increased by 12.6 % year-on-year, according to the official.
As shown in the MOC data, growth was driven by investment in leasing, business services, manufacturing, and wholesale and retail trade. The turnover of Chinese contracted overseas projects totalled US$165.97 billion in 2024, up 3.1 per cent year-on-year.
The number of workers posted abroad reached 409,000 in 2024, an increase of 17.9 % year-on-year, with a total of 594,000 Chinese workers employed abroad by the end of the year.
Non-financial investment in countries along the Belt and Road increased 5.4 percent year-on-year to $33.69 billion last year, according to IOC data.
CMG/ gnews - RoZ
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