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Chinese companies invest over $60 billion in countries along Belt and Road route

By Li Bin (People's Daily Online)    16:00, May 12, 2017

Vice head of the National Development and Reform Commission, Ning Jizhe (file photo)

Chinese companies have invested over $60 billion in countries involved with the Belt and Road Initiative over the past three years, creating over 180,000 local jobs, according to Ning Jizhe, vice head of the National Development and Reform Commission (NDRC), when answering questions from reporters on May 12.

China's annual outbound FDI is expected to reach $130 billion in the next five years, Ning said during the press conference on cooperation between Belt and Road countries and regions, "quite a few of them will be laid on B&R cooperative projects".

“High-speed trains and nuclear power from China have been introduced first to Belt and Road countries, ”said Ning.

 

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