May 12, 2017 07:09 PM

Chinese Companies Invest $60 Billion on Belt and Road Projects

(Beijing) — Chinese enterprises have invested over $60 billion in countries participating in the Belt and Road Initiative from 2013 to 2016, Ning Jizhe, director of the National Bureau of Statistics (NBS), said on Friday.

A large chunk of China’s direct outbound investment, estimated to be between $600 billion to $800 billion per annum over the next five years, will flow into these countries, said Ning, as Beijing prepares to host a major two-day conference with heads of state and ministers from partner countries starting on Sunday.

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