China's non-financial outbound direct investment amounted to 424.28 billion yuan from January to July, up 4.4 percent year-on-year, official data showed on Thursday.

In US dollar terms, ODI rose 3.6 percent from the same period a year ago to $65.06 billion, according to the Ministry of Commerce.

China's non-financial ODI into countries and regions related to the Belt and Road Initiative increased 5.1 percent year-on-year to $11.87 billion in the first seven months, accounting for 18.2 percent of the country's total overseas investment.

The ministry said China's outbound investments in multiple fields continued to grow between January and July. Investment into leasing and commercial services went up 24.5 percent from a year earlier to $22.38 billion.