China's outbound direct investment (ODI) into countries involved in the ambitious Belt and Road Initiative (BRI) has continued to increase, expanding 13.8% year-on-year in the first five months of 2021 to $7.43 billion. According to official data, outbound investment into manufacturing and information transmission sectors continued to grow. The manufacturing sector attracted $7.2 billion in the first five months, up 11.8% year-on-year. Investment by China’s local enterprises reached $32.75 billion, up 3.8% from a year earlier and accounting for over 75% of the total ODI in the period, said the Chinese Ministry of Commerce. The ambitiou
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