Beijing: China's total outbound direct investment (ODI) experienced a 7.5 percent increase year-on-year, amounting to 57.54 billion U.S. dollars in the first four months of the year. This information was revealed by the Ministry of Commerce during a data release on Thursday.

According to Namibia Press Agency, non-financial ODI saw a 5.6 percent rise, reaching 51.04 billion dollars from January to April, as disclosed by He Yongqian, a spokesperson for the ministry, at a routine press briefing. The Belt and Road Initiative played a significant role in this growth, with non-financial ODI in participating countries hitting 12.78 billion dollars, marking a substantial 16.4 percent increase compared to the same period last year.

Additionally, the turnover of overseas-contracted projects reached 47.11 billion dollars, reflecting a year-on-year growth of 6.8 percent. The value of new contracts for these projects saw an even more remarkable increase of 22.4 percent, totaling 76.59 billion dollars during the same timeframe.