On July 21, the MOFCOM Department of Outward Investment and Economic Cooperation released the Outward Investment and Cooperation Situation of China in the First Half Year of 2016.
According to the statistics, China’s outward non-financial direct investment was RMB$580.28 billion (US$88.86 billion). The complete turnover of the foreign contractual projects was RMB431.33 billion (US$66.05 billion) and the newly-signed contractual value was RMB 651.01 billion (US$99.69 billion); by the end of June, China has dispatched 991,000 laborers abroad.
In the first half year, China’s outward investment and economic cooperation mainly presented the following features:
1. The outward investment and cooperation maintained a rapid growth in general. In January-June, the Chinese domestic investors carried out the non-financial direct investment in 4,797 outward enterprises in 155 countries and regions, with an accumulative investment of US$88.86 billion, up 58.7% year on year. In June, the foreign direct investment was US$15.34 billion, up 44.9% year on year. The newly-signed contractual value was US$99.69 billion, up 15% year on year. The newly-signed contractual value in June was US$24.20 billion, up 26.8% year on year.
2. The distribution pattern of outward investment industry was further optimized. The investment in the manufacturing industry grew rapidly. In the first half year, China’s outward investment mainly flew to business service industry, manufacturing industry, wholesale and retail industry and mining industry, accounting for 24.6%, 19.8%, 16.4% and 4.7% of the total investment volume of the first half year respectively. The investment in the manufacturing industry reached US$17.59 billion, up 245.6% year on year. Among these, the investment flew to the equipment manufacturing industry reached US$12.04 billion, 5.4 times more than the same period last year, accounting for 68.4% of the outward investment of the manufacturing industry. The investment in the fields such as culture and education, art designer and sports, entertainment products manufacturing industry, papermaking and paper products, comprehensive usage industry of waste resources and medicine manufacturing industry realized a high-speed growth of more than 4 times and the international capacity cooperation showed a favorable momentum.
3. The contractual project business of the relevant countries along the “Belt and Road” enjoyed a rapid development. In the first half year, the Chinese enterprises signed 3,080 foreign contractual projects with 61 relevant countries along the line of the “Belt and Road”, with a newly contractual value of US$51.45 billion, up 37% year on year, accounting for 51.6% of the newly signed contractual value of the foreign projects of China in the same period. The contractual value of the Egypt new capital construction project undertaken by China State Construction Engineering Corporation reached US$2.7 billion, marking the biggest contractual project of the Chinese enterprises in the bid of the relevant countries along the “Belt and Road” in the first half of this year.
4. The outward investment of provinces and cities along the line of the Yangzi River Economic Belt was active. In the first half year, the outward investment of provinces and cities along the line of the Yangzi River Economic Belt was US$30.12 billion, 2.2 times that of the same period last year, accounting for 33.9% of the total foreign direct investment of China, and accounting for 37.3% of the local outward investment. Among these, the investment flow of 5 administrative units at provincial level exceeded US$1 billion in the first half of this year, including Shanghai (US$14.52 billion, up 162% year on year), Zhejiang (US$5.56 billion, up 173.8% year on year), Jiangsu (US$3.86 billion, up 52.5% year on year), Hunan (US$1.17 billion, up 20.7% year on year) and Chongqing (US$1.06 billion, up 35.8% year on year).