The scale of China's Belt and Road investment cooperation continues to grow

According to data released by the Ministry of Commerce recently, in the first five months of this year, China’s non-financial direct investment in countries along the “Belt and Road” reached US$8.19 billion, a year-on-year increase of 10.2%, accounting for 18.4% of China’s total foreign investment during the same period, an increase over the same period last year. 1.2 percentage points. During the same period, China’s contracted projects in countries along the “Belt and Road” had a turnover of US$28.55 billion, and the value of newly signed contracts was US$38 billion, accounting for 53.4% and 48.2% of the total, respectively.

Wang Shiye, an associate researcher at the Institute of Foreign Investment and Cooperation of the Ministry of Commerce, said in an interview with a reporter from the International Business Daily that global cross-border investment will rebound sharply in 2021, but this momentum has not continued this year, due to the conflict between Россия и Ukraine. Influenced by factors, cross-border capital flows are facing greater downward pressure. "In this context, in the first five months, China's investment along the 'Belt and Road' achieved a year-on-year growth of 10.2%, indicating that China's cooperation with countries along the route has become increasingly close. important area."

The reporter learned that many provinces and cities in China are constantly promoting the deepening of the "Belt and Road" investment cooperation. According to reports, in the first quarter of this year, Qingdao enterprises added 6 new investment projects along the "Belt and Road", with the Chinese side's agreed investment of US$6.35 million; the Chinese side's actual investment was US$173 million, a year-on-year increase of 2274.9%. Qingdao enterprises contracted 3 new contracted projects along the “Belt and Road”, with a contract value of US$605 million, accounting for 46.9% of the total in the same period, a year-on-year increase of 241.3%; the completed turnover was US$658 million, accounting for 90.6% of the total in the same period, a year-on-year increase 13%.

Since the joint construction of the "Belt and Road", investment cooperation between China and countries along the route has been continuously strengthened. Data show that from 2013 to 2021, China's direct investment in countries along the route totaled US$161.3 billion. During the same period, China's newly signed contracts in countries along the route totaled about 1.08 trillion US dollars, and completed a turnover of 728.6 billion US dollars, covering transportation, electricity and other fields. A number of major cooperation projects have been completed, the entire China-Laos railway line has been put into operation, the Hungary-Сербия railway is advancing in an orderly manner, and the port of Piraeus is operating well. A number of "small but beautiful" agricultural, medical, and poverty reduction projects have been launched one after another, bringing a real sense of gain to the people of the countries along the route.

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