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Nation builds on growth momentum--China Economic Net
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Nonfinancial ODI in BRI nations up 18.3% By LIU ZHIHUA | China Daily | Updated: 2021-01-22 08:57 Share CLOSE Local people celebrate the completion of a container port, which is built by China Harbor Engineering Co, in Namibia s Walvis Bay in Aug, 2019. [Photo/Xinhua]
Faster growth seen in sectors like tech, scientific research services and leasing
China s nonfinancial outbound direct investment in 58 countries participating in the Belt and Road Initiative rose 18.3 percent to $17.79 billion in 2020 despite the 0.4 percent fall in the overall nonfinancial ODI to $110.15 billion, the Ministry of Commerce said on Thursday.
Nonfinancial ODI into the BRI-involved economies accounted for 16.2 percent of the total nonfinancial ODI in 2020, up 2.6 percentage points from a year earlier, said Gao Feng, a spokesman for the ministry.
12:12 PM MYT
Local people celebrate the completion of a container port, which is built by China Harbor Engineering Co, in Namibia s Walvis Bay in Aug, 2019. -Photo/Xinhua
BEIJING, Jan 22 (China Daily/ANN): China s nonfinancial outbound direct investment in 58 countries participating in the Belt and Road Initiative rose 18.3 percent to $17.79 billion in 2020 despite the 0.4 percent fall in the overall nonfinancial ODI to $110.15 billion, the Ministry of Commerce said on Thursday.
Nonfinancial ODI into the BRI-involved economies accounted for 16.2 percent of the total nonfinancial ODI in 2020, up 2.6 percentage points from a year earlier, said Gao Feng, a spokesman for the ministry.
Contracts for new projects in the BRI-related economies amounted to $141.46 billion, accounting for 55.4 percent of the total amount last year.
China to step up protection of rare earth resources By LIU ZHIHUA and LIU YUKUN | CHINA DAILY | Updated: 2021-01-16 09:11 Share A rare earth quarry in Sichuan province. [Photo/Sipa]
China will reinforce the protection of its rare earth resources, strengthen full industrial chain regulation and establish a mechanism under the State Council to decide and coordinate on major policy measures, according to a draft guideline published on Friday.
The guideline was published on the website of the Ministry of Industry and Information Technology and will be kept open for public opinion till Feb 15. Rare earths are important strategic resources that are not renewable, and it is necessary to reinforce the full industrial chain regulations targeting activities that are currently disrupting the healthy development of the industry and damaging the environment, such as illegal, destructive, unplanned and excessive mining, and illicit tradin
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