Latest News:  
Beijing   Cloudy    11 / 1 ℃  City Forecast


Chinese firms' push into global market to hit record

By Li Jiabao (China Daily)

08:33, December 04, 2012

The government is expecting "record" levels of outbound direct investment by Chinese companies this year, and has vowed to ease and improve the systems involved to ensure that momentum continues.

Speaking at the 4th China Overseas Investment Fair in Beijing, Mu Hong, deputy head of the National Development and Reform Commission, pledged to boost the resources available to companies, and set up information networks and associations to help organizations with the advice they need to seek opportunities overseas.

"Despite the sluggish world economy, Chinese outbound investment remained robust and the whole year will see Chinese outbound investment at record levels," said Mu.

He said that in the first 10 months of the year, China's non-financial outbound direct investment totaled $58.17 billion, up 25.8 percent from a year earlier.

The country's ODI increased by 8.5 percent year-on-year in 2011 to $74.7 billion, with non-financial ODI reaching $68.6 billion, up 4 percent year-on-year.

The government will be looking at various specific issues, he said.

For instance, efforts will be made to improve the investment safeguards offered to Chinese companies by neighboring countries, while at home, there will be a fine-tuning of the legal and approval requirements needing to be met by firms looking to invest abroad.

The government also plans to fund a network of public information organizations abroad, and establish investment agencies and associations at home, which could offer business advice to companies looking to invest internationally.

【1】 【2】 【3】

We recommend:

China's first rail to 'sea of death' starts operation

Sales of Samsung's Galaxy Note 2 tops 5mmark

Beijing-Guangzhou high-speed rail to open

10th China Int'l Automobile Exhibition concludes

Shanghai Center Tower to rise over 400m

New wave of communication tools

HK's MTR buys first China-made locomotives

China's savings rate world's highest

Self-owned brands account for 11% of exports


Leave your comment0 comments

  1. Name


Selections for you

  1. Weekly review of military photos (2012.11.26-11.30)

  2. China-U.S. joint tabletop exercise held

  3. The World in Photos (2012.11.23-12.1)

  4. Photos of China 30 years ago

  5. Blizzard hits Northeast China

  6. Turnover at Tmall, Taobao tops 1 trillion RMB

  7. American couple set up a home for orphans in China

  8. Chocolate Chinese chess

Most Popular


  1. Bigger global role for RMB in 2013
  2. Income doubling goal needs strategy
  3. Victims of sexually explicit photographs
  4. Student questions China's education system
  5. US investors 'choosing to stay in China'
  6. Solar industry gaining strength from home market
  7. China a very 'important, exciting' market
  8. West needs new view on China
  9. Level playing field for private firms
  10. Much room for China-ASEAN economic co-op

What’s happening in China

Photos of China 30 years ago

  1. Urumqi witnesses snowfall
  2. Hong Kong Int'l Boat Show 2012 kicks off
  3. Man sentenced to death for 6 sex slaves, murders
  4. Woman gets throat slit during break up
  5. 2 rescued, 14 trapped in flooded colliery