In 2015 Singapore, Kazakhstan and Laos lead in terms of the Chinese investment attracted.

Almaty. January 21. Silkroadnews – On results of 11 months of 2015 Singapore, Kazakhstan and Laos lead in terms of the Chinese investment attracted. The deputy head of the European sector of the International Trade and Economic Cooperation Academy under the Ministry of Commerce of China, Liu Huaqing said, KazTAG reports.
“These are the first results of the concept of the joint construction of the Silk Road economic belt for the past year. According to the Ministry of Commerce of China, from January to November 2015, the total amount of foreign direct investment of the Chinese side in 49 countries of the economic belt and sea route made $14 billion, i.e. increase by 35.3% compared to the same period of the previous year. The main foreign partners in terms of investments during this time are Singapore, Kazakhstan, Laos, Indonesia, Thailand and Russia”, she said at the international conference “One belt - one road: the modern foreign policy of China” on Wednesday.
“About 3 thousand of contracts have been signed on subcontraction works in new construction projects in more than 60 countries. The total investments amount of these contracts amounted to about $72 billion, that is 11.2% increase compared with the previous year. The amount of completed contracts was $57 billion, i.e. 6.4% increase compared with the previous year”, she added.
She also said, the main sectors for the Chinese investment abroad was the construction of railways, power stations, telecommunications and infrastructure.
“According to Ministry of Commerce of China in the first 11 months of last year, the amount of overseas Chinese investment in the industrial cooperation with the countries of the economic belt and sea route was $11.8 billion, that is 95.4% increase versus the same period last year. Including the amount of Chinese investment in the production of component parts and equipment, which made about $6 billion - an increase of 117.3% compared to the previous year”, the representative of the Academy said.
She noted that China is planning to discuss with foreign partners the possibility to simplify the mutual investments and trade procedures.
In particular, the case in point is about promoting investments in agriculture, exploration and production of coal, oil and gas, metals and minerals, new industrial sectors and industries.
“It is necessary to promote the account management in the national currencies and the mutual exchange of currencies to strengthen bilateral and multilateral cooperation in the financial sector, build the regional financial institutions, reduce the operating costs ... To strengthen the financial system to counter the risks, strengthen cooperation in the financial supervision and ultimately improve competitiveness in the global economy”, the representative of the Academy concluded.