Sun Jiwen, the ministry's spokesman,
said trade in goods between China and the Belt and Road economies grew
26.2 percent in the first three months from the same period of last
year.
China's exports to these countries and
regions rose by 15.8 percent from a year earlier, and imports grew by
42.9 percent, Sun told a news conference.
Thanks to the substantial progress made
in big-ticket infrastructure projects, China's products and services
gained more popularity, Sun added.
He cited the ongoing China-Belarus industrial park and the Mombasa-Nairobi railway as examples.
The Belt and Road Initiative is
President Xi Jinping's signature global economic vision to promote the
interconnectivity between Asia and the rest of the world through two
ancient trade routes.
Similarly, two-way investment also showed an upward trend in the first quarter.
During the period, China's non-financial
outbound direct investment in 43 economies in the Belt and Road regions
reached $2.95 billion, accounting for 14.4 percent of the country's
total, according to data from the Ministry of Commerce.
Correspondingly, those economies set up 781 new companies in China, up 40 percent year-on-year.
Experts said local companies were often
exposed to greater unexpected legal and cultural obstacles, when they
seek cross-border investment opportunities.
Risks in host countries included
changing local policies and fluctuations in exchange rates, Feng
Guanghua, chairman of the China Bond Rating Co Ltd, said at a recent
meeting.
Qin Jian, senior assistant president of
China Minsheng Investment Group, said on Thursday that local staff
played a decisive role in facilitating companies' efforts in investing
abroad safely and sustainably.
A report, released by the Chinese
Academy of Social Sciences, predicted that China's outbound direct
investment in Belt and Road regions will maintain rapid growth this
year.
Source: China Daily
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