The Head of the Cooperation Department of the Ministry of Commerce Talks on China's Foreign Investment and Cooperation from January to April
On June 15th, the head of the Cooperation Department of the Ministry of Commerce introduced the situation of China's foreign investment and cooperation from January to April 2016.
According to statistics, from January to April, China's foreign non-financial direct investment reached 39.1.45 billion yuan (equivalent to 60.8 billion US dollars), a year-on-year increase of 71.8%; The newly signed contract amount for foreign contracted projects is RMB 384.02 billion (equivalent to USD 58.94 billion), a year-on-year increase of 3.8%; At the end of April, I had 983000 laborers of various types working abroad.
The head of the Cooperation Department of the Ministry of Commerce pointed out that from January to April, China's outward investment business presented the following characteristics:
Firstly, the number of infrastructure engineering projects undertaken by our company has increased. From January to April, our company contracted 2133 overseas infrastructure construction projects, an increase of 40% compared to the same period last year, with a new contract amount of 43.25 billion US dollars, accounting for 73.4% of the new contract amount of China's foreign contracted projects during the same period. Among them, there are 105 projects with a contract value of over 100 million US dollars, involving 39 transportation construction projects such as ports, railways, highways, airports, etc., with a cumulative contract value of 12 billion US dollars. The main projects include the Abidjan Port project in C ô te d'Ivoire contracted by China Harbour Engineering Co., Ltd. for 933 million US dollars, and the new terminal project of Algeria Airport contracted by China Construction Corporation for 823 million US dollars; There are 16 power engineering projects, involving a contract amount of 6.81 billion US dollars. The main projects include the Congo (Kinshasa) transmission and distribution package project contracted by Shanghai Electric Power Transmission and Distribution Engineering Company for 1.617 billion US dollars; 21 communication construction projects with a contract value of 5.28 billion US dollars.
The second is the rapid growth of investment cooperation with countries related to the 'the Belt and Road'. From January to April, Chinese enterprises made direct investment in 49 countries related to the 'the Belt and Road', with a total investment of 4.91 billion US dollars, up 32% year on year; Our enterprises contracted 1401 foreign contracted projects in 60 countries related to the the Belt and Road, with a newly signed contract amount of US $31.12 billion, up 58.9% year on year, accounting for 53% of the newly signed contract amount of China's foreign contracted projects in the same period. The Hannawi coal fired power station project in Egypt contracted by Shanghai Electric Group with US $2.636 billion is the largest contracted project that our company won the bid in the the Belt and Road related countries in the first four months.
The third is the rapid growth of investment in the service industry. From January to April, my outward investment in the tertiary industry reached 43.84 billion US dollars, a year-on-year increase of 73.2%, accounting for 73% of the total outward investment during the same period. The investment in scientific research and technological services, accommodation and catering, culture and sports entertainment, and education has all achieved a rapid growth of more than twice.
(Source: Ministry of Commerce)