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China and 'Belt and Road' countries develop closer trade relations

By Kong Defang (People's Daily Online)    09:00, August 06, 2015
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The total trade volume between China and the countries along the "One Belt and One Road" was 485.4 billion USD in the first half of this year, accounting for 25.8 percent of China's total volume of foreign trade of the corresponding period, according to the data released by China's Ministry of Commerce on Aug. 4, China Youth Online reported.

In the first half of 2015, China's export value to "Belt and Road" countries was 295.8 billion, accounting for 27.6 percent of its total export, and the import value from those countries was 189.6 billion USD, accounting for 23.4 percent of its total import.

Chinese enterprises made a total of 7.1 billion USD direct investments in 48 countries along the "One Belt and One Road" in the first half of 2015, a year-on-year growth of 22 percent.

Chinese enterprises has also taken 1,401 contracted projects in "Belt and Road" countries and in the first half of this year, the newly signed contract value reached 37.6 billion USD, accounting for 43.3 percent of the total value of newly signed contracted foreign projects of China, representing a year-on-year growth of 16.7 percent. 

In attracting foreign investment, in the first half of this year, the "Belt and Road" countries have set up 984 enterprises in China, 10.6 percent up from the same period of last year, and they have made 3.7 billion USD actual investment in China, a year-on-year growth of 4.2 percent. 

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Kong Defang,Bianji)

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