China increases investment in Belt and Road Initiative countries
Tashkent, Uzbekistan (UzDaily.com) -- The Internet version of the leading Chinese newspaper People’s Daily reported that in the first seven months of 2020, the volume of non-financial direct investments of China in the countries participating in the Belt and Road Initiative (BRI) made up US$10,27 billion, which is 28.9 percent more compared to the same period of last year, Dunyo news agency reported.
The amount cited by the publication took 17 percent of the total volume of non-financial direct investments of the PRC for the specified period of time, which is 4.5 points more than a year earlier.
According to the Ministry of Commerce of the PRC, in January-July, Chinese enterprises signed new investment contracts worth US$67.18 billion in the BRI countries, which amounted to 55.2 percent of the total value of foreign investment contracts signed by the country’s companies over the specified period.
At the same time, Chinese enterprises completed projects in the countries participating in the initiative under contracts worth US$40.43 billion, which amounted to 57.8 percent of the total amount of investment contracts completed by China abroad in the first 7 months of the year, sums up People’s Daily.
Uzbekistan is actively involved in the implementation of mutually beneficial projects within the framework of the One Belt, One Road initiative, as well as in the work of the Asian Infrastructure Investment Bank.