'Belt and road' investment in China a mere US$4.2b

China | 3 Nov 2017 10:44 am

Trade between China and countries along the 'belt and road' amounted to US$786 billion in the first three quarters, the Ministry of Commerce said today.

The volume was a 15-percent increase from the same period last year, ministry spokesperson Gao Feng told a press conference.

From January to September, Chinese businesses directly invested US$9.6 billion in countries along the 'belt and road,' up 29.7 percent year-on-year.

Investments made by 'belt and road' countries in China stood at US$4.24 billion, up 34.4 percent year-on-year. (Pictured, the first freight train run by China Railway Express from Changchun to Hamburg in Changchun, in northeastern Jilin province leaves for Hamburg, Germany on October 13, loaded with 42 containers of auto parts and textiles)

Chinese businesses have helped build 75 economic and trade cooperation zones in 24 countries along the Belt and Road, generating over 209,000 jobs, according to Gao. He did not explain how the job data was calculated.

The 'belt and road' is a trade and infrastructure network connecting Asia with Europe and Africa along – and beyond –the ancient Silk Road trade routes. The modern version comprises an overland Silk Road Economic Belt and a 21st Century Maritime Silk Road, Xinhua reports. 

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