BEIJING -- China's non-financial outbound direct investment (ODI) increased 10.6 percent year-on-year to $115.83 billion in the first 10 months of the year, data from the Ministry of Commerce showed on Thursday.

The data showed that Chinese companies' non-financial ODI in countries participating in the Belt and Road Initiative (BRI) reached $26.65 billion, up 3 percent from the previous year.

During the period, the turnover of contracted overseas projects by Chinese companies amounted to $124.38 billion, an increase of 2 percent, and the value of newly signed contracts rose 15.3 percent to $177.65 billion.

In particular, the turnover of contracted projects undertaken by Chinese companies in BRI participating countries stood at $100.82 billion during the period, up 0.8 percent year-on-year, while the value of Chinese companies' newly signed contracts in these countries reached $148.64 billion, up 15.7 percent, the data showed.