China'S Foreign Investment In The First Quarter Of This Year Dropped By 0.6% Over The Same Period Last Year.
According to the latest data released by the Ministry of Commerce, in the first quarter of 2020, investors in China made non-financial direct investment in 2538 overseas enterprises in 153 countries and regions in the world, with a total investment of 169 billion 30 million yuan, down 0.6% from the same period last year. The total turnover of foreign contracted projects was 195 billion 340 million yuan, down 12.4% compared with the same period last year, and the new contract amount was 386 billion 500 million yuan, an increase of 13.2% over the same period last year. Foreign labor cooperation sent 64 thousand kinds of labor force, a decrease of 47 thousand compared with the same period last year, and 744 thousand workers outside the service at the end of 3. The main features are as follows:
First, investment in "one belt and one road" will continue to grow. In the first quarter, Chinese enterprises invested 4 billion 200 million dollars in non-financial direct investment in 52 countries along the belt Road, an increase of 11.7% over the previous year, accounting for 17.3% of the total investment in the same period, representing a 2.4 percentage point increase over the previous year.
Two, the structure of foreign investment continues to be diversified. In the first quarter, foreign non-financial direct investment mainly went to the leasing and business services, wholesale and retail, manufacturing and mining sectors, accounting for 39.9%, 15.2%, 13.5% and 7.2% respectively. Leasing and business services, wholesale and retail and mining industries grew by 39.7%, 59.6%, 4.2%, respectively, and manufacturing investment fell by 38.5% over the same period last year.
The three is the large number of new projects signed by foreign contractors. In the first quarter, 187 new contracts with a total value of more than $50 million, an increase of 10 from the same period last year, totaling 45 billion 740 million dollars, accounting for 82.6% of the total amount of new contracts. Among them, there were 114 hundred million dollar projects, an increase of 22 over last year.
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