On August 17, the official from MOFCOM Department of Outward Investment and Economic Cooperation made an introduction to China’s outward investment and cooperation in January-July 2018.
In January-July 2018, Chinese domestic investors made non-financial direct investment in 3999 overseas enterprises from 152 countries and regions, with an accumulative amount of US$65.27 billion, up 14.1% year on year. The turnover of accomplished contracted projects abroad amounted to US$83.83 billion, up 8.1% year on year, and the total value of the newly-signed contracts was US$125.24 billion, down 7.4% year on year. The number of all kinds of laborers dispatched overseas for cooperation projects reached 266,000. At the end of July, the number of all kinds of laborers overseas was 996,000, increasing by 40,000 over the same period last year.
In January-July 2018, the outward investment and cooperation maintained a stable and sound development, showed a trend of high-quality development in general and met expectations, mainly presenting the following features:
First, investment cooperation with countries along the Belt and Road routes made positive progress. In January-July, Chinese enterprises made additional investment in 54 countries along the Belt and Road routes, with a total amount of US$8.55 billion, up 11.8% year on year. The newly signed contract value of the foreign engineering projects in countries along the Belt and Road routes was US$57.11 billion, accounting for 45.6% of the total value over the same period; the turnover accomplished was US$ 45.08 billion, taking up 53.8% of the total over the same period.
Second, the industrial structure of outward investment continued to be optimized and the irrational outward investment was effectively constrained. In January-July, China’s outward investment mainly flew into lease and commercial service, manufacturing, mining and wholesale and retail industry, taking up 32.5%, 15.8%, 11% and 9.6% respectively. There was no newly-added outward investment project in real estate, sports and entertainment sector.
Third, many new large contractual projects abroad were signed, concentrating in several sectors and pulling up exports obviously. In January-July, the newly-signed contracts for projects abroad were concentrated in transportation, electrical engineering and construction sector, with the combined value accounting for 68.2% of the total value of the newly-signed contracts. The number of the newly-signed projects with a contract value above US$ 50 million reached 418, accumulating to US$ 106.74 billion, taking up 85.2% of the total value of the newly-signed contracts. The exported goods pulled up by overseas contracted projects amounted to US$ 10.36 billion, up 22.5% year on year.
In January-July, a total of 4987 outbound investment enterprises were filed or approved by the related department in charge, the contractual value of Chinese investment reached US$80.98 billion. Among these, the number of the filed or approved non-financial outbound investment enterprises was 4961, the contractual value of Chinese investment was US$ 75.25 billion; the number of filed or approved financial outbound investment enterprises reached 26, with the contractual value of Chinese investment reaching US$5.72 billion.
The macro monitoring from MOFCOM showed the index of China’s outward investment activity was between 189.6 and 205.3 in January-July, relatively active and stable in general. In July, the index was 192.93.