China's non-financial ODI up 10.5% in 2024

BEIJING -- China's non-financial outbound direct investment (ODI) rose 10.5 percent year-on-year in 2024, further solidifying its position as a major player in outward investment, data released Tuesday by the Ministry of Commerce shows.

Total non-financial ODI of the country amounted to $143.85 billion last year, according to data revealed at a meeting on China's outbound investment, international cooperation and foreign aid work.

China has made positive progress in overseas investment, international cooperation and foreign aid work last year, the meeting said, adding that the country will further promote the high-quality development of work in these areas this year.

China will further promote international cooperation in industrial and supply chains, enhance its foreign investment management system, and strengthen the protection of its overseas interests, according to the meeting.