Contractual business in OBOR countries rises

According to the Ministry of Commerce of China, the contractual business in the relevant countries along the line of ‘Belt and Road’ increased rapidly. In January-August 2016, China newly signed almost 4,000 foreign contractual projects in 61 relevant countries along the line of the ‘Belt and Road’, with a contractual value of US$69.82 billion, up 28.3% year on year, accounting for 52.6% of the newly signed contractual value of China’s foreign contractual projects in the same period. The contractual value of the construction project of the new capital of Egypt that China State Construction Engineering Corporation signed reached US$2.7 billion, marking the biggest contract project bid by Chinese enterprises in the relevant countries along the line of the ‘Belt and Road’.