CHINESE President Xi Jinping has revealed that China's trade with countries participating in the Belt and Road Initiative has surpassed US$1 trillion last year, accounting for a quarter of the nation's total foreign trade.
Over 70 countries and international organisations have taken part in the Belt and Road Initiative and some 30 countries have signed cooperation deals with China to jointly push forward the initiative over the past three years, President Xi told the Uzbek Parliament, reports Xinhua.
Summing up the early harvests of the Belt and Road Initiative, President Xi said Chinese enterprises' direct investment in 49 countries along the economic corridor reached nearly $15 billion in 2015, up 18 per cent year on year, while those countries' investment in China exceeded $8.2 billion dollars, up 25 per cent.
China has signed production capacity cooperation deals with 20 countries and jointly set up 46 overseas economic cooperation zones in 17 Belt and Road countries, with accumulated Chinese investment topping $14 billion and creating 60,000 local jobs.
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