China’s non-financial direct investment abroad rose 35.7 percent year on year to 136.04 billion yuan in the first two months of the year, official data showed on Monday.
Expressed in dollars, non-financial direct investment abroad reached 19.96 billion dollars from January to February, a rapid growth of 26.5% year on year, according to the Ministry of Commerce.
In the first two months of 2023, outbound investment in leasing and business services grew 22.3% from the same period last year to $4.72 billion , while those in wholesale and retail trade stood at $4.09 billion, an annual growth of 17.2%.
Areas such as manufacturing and construction have also seen growth in outward investment.
Over the same period, non-financial direct investment in countries along the Belt and Road jumped 27.8% year on year to $4.04 billion, accounting for 20.2% of total direct investment abroad.