China's outward non-financial direct investment to grow 10.5% in 2024 from 2018: Chinese report

In 2024, China's outward investment cooperation developed steadily. According to the Ministry of Commerce, China's outward non-financial direct investment in 2024 was $143.85 billion (about 22.4 trillion yen), up 1.2% from the previous year.
Investment in the ASEAN region showed relatively fast growth, increasing by 12.6%, mainly in Singapore, Indonesia, Thailand, etc.
In addition, non-financial direct investment by Chinese companies in Belt and Road co-construction countries increased by 5.4% to $33.69 billion (about 5.2 trillion yen).
In 2024, China's overseas contract construction sales are expected to grow 3.1% to $165.97 billion (about 25.9 trillion yen), and the amount of new contracts is expected to increase by 2.1% to $165.97 billion.
Sales rose 1.1% to $267.3 billion (approximately 41.6 trillion yen), a record high. Of this, sales of Chinese companies from contracted construction projects in countries co-constructing the "One Belt, One Road" were $138.76 billion.
$232.48 billion (approximately JPY 36.2 trillion), accounting for 87% of the total, and new contracts amounted to $232.48 billion (approximately JPY 36.2 trillion), accounting for 87% of the total.