China's non-financial ODI up 17.3 pct in first 10 months

China's non-financial outbound direct investment (ODI) increased 17.3 percent year on year to 736.2 billion yuan in the first 10 months of the year, official data showed Thursday.

In U.S. dollar terms, the ODI stood at 104.74 billion U.S. dollars in the period, up 11 percent from a year earlier, according to the Ministry of Commerce.

The non-financial ODI in countries participating in the Belt and Road Initiative came in at 181.69 billion yuan during the January-October period, up 27 percent year on year.

The turnover of contracted projects overseas grew 8.3 percent year on year to 856.88 billion yuan, the ministry said.

China's fixed-asset investment up 2.9 pct in first 10 months

China's fixed-asset investment went up 2.9 percent year on year to about 41.94 trillion yuan (about 5.85 trillion U.S. dollars) in the first ten months of 2023, data from the National Bureau of Statistics showed Wednesday.

During the period, fixed-asset investment in the manufacturing sector rose 6.2 percent year on year, according to the bureau.

Fixed asset investment from the private sector stood at around 21.59 trillion yuan, down 0.5 percent year on year.

Investment in infrastructure construction increased 5.9 percent from the same period last year. In particular, investment in railway transportation expanded 24.8 percent.

The country's eastern region led fixed-asset investment growth by registering a 4.9 percent rise year on year during the period, while the central, western and northeastern parts of the country saw fixed-asset investment decrease by 0.1 percent, 0.5 percent, and 3.5 percent, respectively.

Fixed-asset investment stemming from foreign firms grew 0.9 percent year on year in the January-October period, compared to the 3.2 percent growth recorded for domestic enterprises.

In October alone, fixed-asset investment grew 0.1 percent compared with the previous month, data from the bureau showed.

China's cross-border capital flows more balanced in October

China's cross-border capital flows became more balanced in October, with net inflows under trade in goods up 52 percent from September, data from the State Administration of Foreign Exchange (SAFE) showed Wednesday.

"China's foreign trade showed strong resilience last month, and the net inflows under trade in goods maintained a high level, which continued to play an important role in stabilizing cross-border capital flows," said Wang Chunying, deputy director and spokesperson of the SAFE.

Foreign investment in the domestic bond market continued to rise in October, following a net increase in September, SAFE data showed.

"The continuous recovery of the domestic economy has further enhanced the confidence of foreign investors in renminbi assets," Wang said.

With the continuous improvement of the internal and external environment, China's foreign exchange market and cross-border capital flows are expected to remain stable in the future, Wang added.