China's outward non-financial direct investment increased by 24.2% year-on-year in the first five months
Ministry of Commerce spokesperson Shu Jueting introduced at the press conference that from January to May this year, China's outward investment continued to grow, with non-financial direct investment of 356.46 billion yuan, a year-on-year increase of 24.2% (equivalent to 51.78 billion US dollars, a year-on-year increase of 16.1%).
From January to May this year, non-financial direct investment of Chinese enterprises in countries along the "the Belt and Road" was 63.06 billion yuan, up 19.6% year on year (equivalent to 9.16 billion dollars, up 11.8% year on year), accounting for 17.7% of the total amount in the same period.
From January to May this year, China completed a turnover of 371.95 billion yuan in foreign contracted projects, an increase of 8% year-on-year; The newly signed contract amount is RMB 493.87 billion, a year-on-year decrease of 2.6%. The turnover of contracted projects undertaken by Chinese enterprises in countries along the "the Belt and Road" is 204.46 billion yuan, and the newly signed contract amount is 243.29 billion yuan, accounting for 55% and 49.3% of the total amount in the same period respectively.
From the perspective of challenges, exports face significant external demand pressure. The World Trade Organization expects global trade in goods to grow by 1.7% this year, significantly lower than the average level of 2.6% in the past 12 years. Inflation levels in major developed economies are still relatively high, and continuous interest rate hikes have suppressed investment and consumer demand, resulting in consecutive months of year-on-year decline in imports. Affected by this, the exports of South Korea, India, Vietnam and Taiwan, China have all declined significantly in recent months, and the exports to markets such as the United States and Europe have been sluggish.
From the perspective of opportunities, China's export market is more diverse, with more diverse products and more diverse formats. Especially, the vast number of foreign trade entities are exploring and innovating, actively responding to changes in international demand, and striving to cultivate new competitive advantages, demonstrating strong resilience.