Latest News:  
Beijing   Thundershower/Overcast    31 / 24 ℃  City Forecast

English>>China Business

Private investors play bigger role overseas

(China Daily)

08:11, August 31, 2012

Private companies accounted for nearly half of China's outbound investment in 2011, a senior trade official said on Thursday, while expecting the proportion to continue expanding as the government supports investors seeking overseas projects.

In 2011, China's outbound direct investment in the non-financial sector reached $68.58 billion, among which around 45 percent was from non-State-owned enterprises, said Shi Ziming, commercial counselor at the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce.

Although SOEs still accounted for around 90 percent of China's cumulative ODI by the end of 2011, Shi was confident the private sector would play a bigger role.

"Private enterprises will definitely play a more and more important role in the process of the nation's outbound direct investment activities.

"They will probably surpass State-owned enterprises as the major force of China's investment wave," Shi said.

According to the top 100 non-financial Chinese companies ranked by ODI in 2011, Lenovo Group Ltd, Huawei Technologies Co Ltd, and Geely Holdings Group are the three largest private investors overseas, ranking 25th, 27th and 31st.

【1】 【2】 【3】 【4】

News we recommend:
Amusement parks boost real estate market Survey shows SOE jobs are top choice CNOOC pushes ahead with Nexen acquisition
The Pain of a Pension Deficit Staying on Target More new grads opt for State firms
Treading Lightly for Fast Growth  Questions raised over stores' price war A fertile ground for overseas banks


Leave your comment0 comments

  1. Name


Selections for you

  1. Youth Day celebrated in North Korea

  2. Moldy burger found in McDonald's restaurant

  3. Joining the 500 Club

  4. Helping hands

  5. 2012 Award Photos---National Geographic

  6. Fantastic! Unique fireworks

Most Popular


  1. Taiwan's position key for Diaoyu Islands issue
  2. Carrier not right envoy for South Pacific
  3. Commentary: Another realty boom not needed
  4. Red moon threat reflects hollow fears on space
  5. Japanese diplomat in letter mission
  6. Editorial: Erring on side of caution
  7. Commentary: Transition of economy starts
  8. Chinese abroad must have better protection
  9. 'Great China' in the eyes of a Serbian journalist
  10. Italy's bonds sales key to economic strength

What's happening in China

Air China plane turns back after 'threat'

  1. Bus safety regulation to target GPS
  2. No antivenin shortage: national authorities
  3. Pirated ACCA, CFA textbook ring busted
  4. Environmental assessments go online
  5. Book lovers flock to Beijing for publishing fair

China Features

  1. Regimen: spleen-friendly diets during White Dew
  2. Watch out hay fever during Bai Lu
  3. Man pricked by syringe with HIV
  4. Large windmill in northern Shaanxi Plateau
  5. Japan aids armed forces of China's neighbors

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture