China's non-financial outbound direct investment (ODI) increased 17.3% 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 in the period, up 11% 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% year on year.

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