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Green guidance on the way for Chinese companies operating abroad

By Ding Qingfen  (China Daily)

09:00, March 01, 2013

China is to improve efforts to guide and help domestic investors in shouldering corporate social responsibility and protecting the environment abroad, according to the Ministry of Commerce.

The pledge comes with the nation's overseas direct investment set to see rapid gains.

As part of the commitment, the ministry, together with the Ministry of Environmental Protection, on Thursday launched the Guidelines on Environmental Protection for China's Outbound Investment and Cooperation, aiming to standardize the overseas activities of Chinese investors on environmental protection.

More overseas Chinese projects are being blamed for destroying the local environment as the world's second-largest economy raises a new wave of investment abroad amid the European debt crisis.

Yao Jian, spokesman for the Ministry of Commerce, said during a Beijing press briefing on the launch of the guidelines that Chinese companies and investors still have a lot to improve on in overseas markets, in particular environmental protection.

Yao said good implementation of corporate social responsibility is of great significance to Chinese companies, as it helps them "strengthen their core competitiveness and soft power in the global market".

The ministry will continue to improve rules and regulations focusing on Chinese companies' corporate social responsibility abroad, he said.

Bie Tao, deputy director general of the Department of Policies, Laws and Regulations with the Ministry of Environmental Protection, said the guidelines cover a wide range of practices on how to respect the culture and laws related to environment protection abroad.

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