China's non-financial outbound direct investment up 10.6 pct in first 10 months

China's non-financial outbound direct investment (ODI) increased 10.6 percent year on year to 115.83 billion U.S. dollars in the first 10 months of the year, official data showed on Thursday.

"Of this total, Chinese companies' non-financial ODI in Belt and Road partner countries reached 26.65 billion U.S. dollars, up 3.0 percent from the previous year," He Yongqian, spokeswoman of the Ministry of Commerce, told a press conference in Beijing.

"During the January-October period, the turnover of contracted overseas projects by Chinese companies amounted to 124.38 billion U.S. dollars, an increase of two percent, and the value of newly signed contracts rose 15.3 percent to 177.65 billion U.S. dollars," He said.

Specifically, in BRI countries, the accomplished business revenue through contracted overseas projects stood at 100.82 billion dollars, up 0.8 percent year on year, while new contracts signed in these countries reached 148.64 billion dollars, growing by 15.7 percent, according to the ministry.

Horgos Port, a major border junction linking China to Central Asia, handled over 38 million tons of goods in the first ten months of this year, marking a 10 percent year-on-year increase, according to the latest customs data.

Located on the border of northwest China's Xinjiang Uygur Autonomous Region, the port has played a pivotal role in the growing development of trade routes between China and Europe.

Data showed that from January to October this year, the main imported goods through the Horgos Port included electromechanical products, agricultural products, food items, and metal ores and sands. Exports mainly included new energy vehicles, electromechanical products, high-tech goods, textiles, and related products.