This aerial photo taken on Aug. 6, 2023 shows a housing project undertaken by Chinese enterprises in Ahmadi Governorate, Kuwait. (Photo by Gong Lingyu/Xinhua)

BEIJING, Nov. 16 (Xinhua) -- China's non-financial outbound direct investment (ODI) increased 17.3 percent year on year to 736.2 billion yuan in the first 10 months of the year, official data showed Thursday.

In U.S. dollar terms, the ODI stood at 104.74 billion U.S. dollars in the period, up 11 percent from a year earlier, according to the Ministry of Commerce.

The non-financial ODI in countries participating in the Belt and Road Initiative came in at 181.69 billion yuan during the January-October period, up 27 percent year on year.

The turnover of contracted projects overseas grew 8.3 percent year on year to 856.88 billion yuan, the ministry said.