Report: Investment and China

report: During the conference, a report named Development of China's Outward Investment for 2018 was also released, which serves as a guideline for Chinese companies who go overseas, according to Global Times China. The report noted that there is a huge investment potential in countries under the China-proposed Belt and Road initiative BRI supported by a series of preferential policies. China's outbound direct investment ODI in nonfinancial sectors rose by 4.2 percent year-on-year to 129.83 billion in 2018, which maintained a stable growth rate, said Han Yong, a deputy head of the outward investment and economic cooperation department under the MOFCOM, at a press conference. The report predicted that China's foreign investment structure will be further optimized, with the service sector expected to become the new engine of China's ODI. ODI in countries along the BRI routes climbed 8.9 percent to 15.64 billion in 2018, accounting for 13 percent of the total, MOFCOM data showed. Global Times China is accelerating its efforts of transforming from a big ODI country in terms of size, to one that features high-quality investments, said the report. (news.financializer.com). As reported in the news.