The ODI from Chinas local enterprises reached 32.75 billion dollars, up 3.8 percent from a year earlier and accounting for 75.7 percent of the total ODI in the period, according to the ministry.
During the period, such investment into BRI countries expanded 13.8 percent year on year to 7.43 billion U.S. dollars, accounting for 17.2 percent of the total, according to the Ministry of Commerce.
Specifically, outbound investment into manucturing and information transmission sectors continued to grow. The manucturing sector attracted 7.2 billion dollars in the first five months, up 11.8 percent year on year.
From January to May, the countrys total ODI rose 2.6 percent to 43.29 billion dollars from the same period in 2022, the ministry said.
Chinas outbound direct investment (ODI) into countries involved in the Belt and Road Initiative (BRI) increased in the first five months, official data showed.investment into BRI countries expands in Jan.QQMay