[In 2022, China's foreign contracted projects will turnover of 1 trillion yuan]Recently, the State Council Information Office held a press conference. At the meeting, Vice Minister of Commerce Guo Tingting introduced that in 2022, foreign non-financial direct investment will be 785.94 billion yuan, an increase of 7.2%. Among them, investment in countries along the Belt and Road increased by 7.7%, accounting for 17.9%. Foreign contracted projects developed steadily, with a turnover of 1.0 trillion yuan, an increase of 4.3%, and 59 new projects with a contract value of more than 50 million US dollars compared with 2021. Editor/Xu Shengpeng
In 2026, the Latavi natural gas processing project in Iraq will reach a progress rate of 36%, with CPECC undertaking a $1.61 billion EPC and a daily processing capacity of 300 million cubic feet in the first phase.Editor/Gao Xue
On October 31, 2026, Dongfeng MAGE EV was put into production at the Nasser Automobile Factory in Egypt, with a localized component ratio of 45%, marking new progress in China Egypt cooperation in new energy vehicles.Editor/Gao Xue