CRI听力:China Makes Progress in Trade With Countries Along 'One Belt One Road'

Shen Danyang, spokesperson of the Ministry of Commerce, says the total foreign investment as well as the number of enterprises that were invested in by relevant countries have both increased.

"In terms of absorbing overseas investment, a total of 948 enterprises were invested in and established by countries involved in 'One Belt One Road' initiative, with a year-on-year increase of 10.62 percent; the total foreign investment stood at 3.67 billion US dollars, a year-on-year increase of 4.15 percent."

Statistics released by the MOC showed that the total volume of bilateral trade with those countries stood at around 485 billion US dollars, a year-on-year decrease of 8.4 percent.

Export volume reached over 290 billion US dollars, while the import volume stood at nearly 190 billion US dollars.

Shen adds that a number of industries have been greatly absorbing overseas investment.

"In terms of the industries that are being invested in, industries of information transmission, computer service and software, industries of finance, rent and industry of commercial service saw significant increase in absorbing overseas investment."

China has directly invested in 48 countries involved in "One Belt One Road" initiative with total investment volume reaching over 7 billion US dollars, a year-on-year increase of 22 percent.

Shen says China has made remarkable achievements as far as service outsourcing is concerned.

"As for service outsourcing, Chinese enterprises have signed 7.06 billion US dollars' worth contracts with countries involved in 'One Belt One Road' initiative. Among which, a total of 4.83 billion dollars' contracts have been executed, a year-on-year increase of 17 and 4.1 percent respectively."

The over 1,400 contracted projects cover fields such as electric power projects, telecommunication engineering, housing construction, communication and transportation to petrochemical industry.

For CRI, I'm Xyee.