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.
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Pakistan and China are firmly committed to the timely completion of CPEC projects and making it a high-quality demonstration project of the Belt and Road Initiative. Pakistan is one of in the Silk Road Economic Belt countries.
Dec 17, 2020 – Pakistani Foreign Secretary Sohail Mahmood described the China-Pakistan Economic Corridor (CPEC) as a transformational project and said there is a complete national consensus on CPEC’s indispensability for the country’s development efforts.
Pakistan and China are firmly committed to the timely completion of CPEC projects and making it a high-quality demonstration project of the Belt and Road Initiative, Mahmood said at a meeting with CPEC Authority Chairman Asim Saleem Bajwa, according to a late Monday statement by the Pakistani Foreign Ministry. Pakistan is one of in the Silk Road Economic Belt countries.
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