Chinese investments in US exceed 900 million dollars

10:38, November 02, 2010      

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China has invested a total of more than 900 million U.S. dollars in the United States so far, said Chen Jian, vice minister of the Ministry of Commerce, on Nov. 1. Although the Euro-American countries do not impose any restrictions on Chinese investments, Chinese enterprises still found themselves under unfair treatment in certain regions and countries in their global ventures. Chen believes that reflects the protectionism on trade and investment.

Chen said that China had an early start in investing in the United States. Presence of Chinese enterprises in the United States can be dated back to the early period of China's reform and opening up. Currently, Chinese enterprises are exploiting more investment opportunities in various fields in the United States. The Chinese government also hopes that the United States can further improve its investment environment to attract more investments from Chinese enterprises.

Chen continued that Chinese enterprises' overseas investments are mainly determined by the market. The overall investment situation is good, which indicates that the international multilateral trade and investment system is now playing an effective role.

Chen also stressed that although China's overseas investments and cooperation have had rapid development in recent years, it is still in its infancy. At the end of 2009, the stock of China's foreign direct investments only accounted for 1.3 percent of the world's total, which is far lower than that of the western developed countries.

The European and American overseas enterprises normally occupy the high-end industries, while most of the Chinese enterprises are still in the low-end industries. With a lack of international experience, a shortage of management talent and a low overseas market share, Chinese enterprises still have a long way to go before they become real multinational corporations, Chen said.

By People’s Daily Online


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