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China invests 57.54 bln US dollars overseas in Jan-April

China

China

China

China invests 57.54 bln US dollars overseas in Jan-April

2025-05-22 16:26 Last Updated At:05-23 00:07

China's total outbound direct investment (ODI) rose 7.5 percent year on year to 57.54 billion U.S. dollars in the first fourth months of this year, said He Yongqian, spokeswoman for the Ministry of Commerce, at a press conference in Beijing on Thursday.

"Among them, non-financial ODI amounted to 51.04 billion U.S. dollars, up 5.6 percent year on year, while non-financial ODI in countries participating in the Belt and Road Initiative (BRI) totaled 12.78 billion U.S. dollars, up 16.4 percent year on year," said He.

She also said that during the period, the turnover of overseas-contracted projects amounted to 47.11 billion U.S. dollars, up 6.8 percent year on year.

"The value of newly signed contracts for such projects totaled 76.59 billion U.S. dollars, up 22.4 percent year on year. On them, Chinese enterprises completed a turnover of 37.99 billion U.S. dollars from contracted projects in the BRI partner countries, up 5.2 percent year on year, and the value of new contracts for such projects soared by 17.4 percent to 64.54 billion U.S. dollars," said He.

China invests 57.54 bln US dollars overseas in Jan-April

China invests 57.54 bln US dollars overseas in Jan-April

China invests 57.54 bln US dollars overseas in Jan-April

China invests 57.54 bln US dollars overseas in Jan-April

China invests 57.54 bln US dollars overseas in Jan-April

China invests 57.54 bln US dollars overseas in Jan-April

A major port in northern Venezuela came under U.S. airstrikes in the early hours of January 3, which caused extensive damage to civilian infrastructure, destroyed critical medical supplies in a warehouse, and severely impacted centuries-old cultural heritage sites, according to local residents.

The La Guaira Port, a vital hub for imports that support daily life in the region, was heavily damaged during the attack.

Large quantities of medical supplies stored at the port were destroyed. A historic cultural building dating back for some 300 years was also badly damaged by the bombardment.

Residents living near the port recalled the terrifying scenes as explosions shook nearby neighborhoods.

Humberto Bolivar, who lives in a community separated from the port by only a main road, said the blast waves shattered his home's windows, while stray shrapnel struck the water tank on his roof. According to reports, three missiles were fired at the port that night.

Bolivar said that beyond material losses, he is most concerned about the psychological impact on his children, who remain too frightened to leave their home days after the attack.

"The United States invaded our country. The children were frightened. This is not good for them, because it leaves some children with psychological trauma. They do not want to go to school or leave the house, because they are afraid that something worse might happen. We truly do not want this to happen to our country," he said.

Apart from civilian facilities, local cultural heritage site was also affected.

The La Guaira state government building, a structure with nearly 300 years of history and once served as the site of Venezuela's first national customs office, was struck by the force of the explosions.

Windows of the building were shattered, and furniture scattered across the floor.

"As people of La Guaira, we feel deep pain. Our cultural heritage has been bombed. We are living in constant anxiety and suffering, and life can no longer be the same as it was before," said a local named Henry Cumares.

The U.S. side has claimed the airstrikes targeted warehouses allegedly used to store narcotics. However, locals refuted such accusation.

"According to what Donald Trump said, they bombed this place using the excuse that the warehouses here were used to store drugs at the port. But based on the video released by our governor, these warehouses that were burned contained medicine for kidney patients and foods. Many people depend on these supplies to survive. I think the bombing is extremely despicable," said a local resident named Alejandro Capriles.

US strike hits Venezuelan port, wrecking medical supplies, heritage building

US strike hits Venezuelan port, wrecking medical supplies, heritage building

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