China's non-financial outbound direct investment up 10.5% YoY in 2024

Investments in Association of Southeast Asian Nations (ASEAN) members rose by 12.6 per cent YoY in 2024.

Investments in leasing, business services, manufacturing, and wholesale and retail sectors drove the growth.

The turnover of China's foreign-contracted projects totaled $165.97 billion last year—a YoY rise of 3.1 percent, a state-controlled news outlet reported.

The number of workers dispatched abroad last year reached 409,000—a 17.9-per cent increase YoY, with a total of 594,000 Chinese workers employed overseas by the end of the year.

Non-financial investment in countries along the Belt and Road rose by 5.4 per cent YoY to $33.69 billion last year, the ministry added.

ALCHEMPro News Desk (DS)