Shenzhen's outbound investment surges
Companies in Shenzhen, south China's Guangdong Province, invested 4.02 billion U.S. dollars in foreign non-financial enterprises in the first five months of this year, up 61.78 percent year on year, according to the city's commerce bureau.
The investment in 168 enterprises from 28 countries and regions covered wholesale and retail, manufacturing, leasing and other fields.
During the period, the city's companies made new investment in 38 enterprises and institutions from 13 countries and regions along the Belt and Road.
By the end of 2019, Shenzhen's companies had set up 7,038 enterprises and institutions overseas in 141 countries and regions, with more than 100,000 overseas employees.
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