China's investments abroad support nation's enterprises overseas and local communities
China's non-financial outbound direct investment in economies participating in the Belt and Road Initiative was almost $16 billion in the first 11 months of 2020, up almost 25 percent year-on-year, according to the latest data from the Ministry of Commerce.
The corresponding full-year figure for 2019 was a tad more than $15 billion. The full-year figure for 2020 is yet to be confirmed.
China's ODI in BRI economies in 2020 could have been higher than $16 billion but for COVID-19 disruptions.
This demonstrates solid economic and trade cooperation between China and BRI economies, which will deepen in the coming years, analysts said.