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China’s overseas investments up by 7.2%


Data from the Ministry of Commerce showed that China's non-financial overseas direct investment rose 7.2% yearly to RMB785.94bn (USD116m) last year. The data also showed that the direct investments in countries of China's Belt and Road Initiative grew 7.7% and the proportion remains at 17.9% of the total investment. Investments in manufacturing rose 22.4%, while those in the wholesale and retail sector advanced 24.6%. Investments in construction were up 19.8%. Meanwhile, the China Securities Regulatory Commission said it will further support the healthy development of the real estate industry and the platform economies, among its priority tasks this year. The CSRC's other major task is to implement its share issuance registration reform after the regulator launched a consultation on the draft rules.

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