Latest News:  

English>>Business

Green guidance on the way for Chinese companies operating abroad (2)

By Ding Qingfen  (China Daily)

09:01, March 01, 2013

They urge domestic companies to set out their own environmental management strategy, drawing up relevant plans and training systems, and regularly issue environmental information.

"Chinese companies will not reap the benefits if they fail to protect the environment, and address related concerns to local communities abroad," Bie said.

The guidelines follow a series of other measures and policies standardizing China's corporate social responsibility practices launched by the central government in recent years.

China's overseas direct investment has seen remarkable growth in the years since the 2008 global financial crisis. Last year, its outbound direct investment in the non-financial sector rose 28.6 percent year-on-year to $77.2 billion, the Ministry of Commerce said.

Last year, Hong Kong, the ASEAN region and the European Union ranked the top three regions worldwide in terms of outflow of investment from China.

Chen Lin, commercial counselor with the Department of Outward Investment and Economic Cooperation with the Ministry of Commerce, told China Daily: "The strong growth momentum (for China's ODI) will be sustained for a long period of time, considering China's economic expansion and growing corporate demand."

But with this growth, operational risks, labor conflicts and appeals have frequently troubled Chinese companies abroad.

Chi Changhai, vice-chairman of the China International Contractors Association, said improvement of corporate social responsibility will help ease overseas risks, smoothing the way for China to "go abroad".

Yao said the majority of Chinese companies have been committed to shouldering their social responsibility, localizing their business and creating benefits for local societies.

"Chinese investment projects abroad have created a large number of jobs and helped train local talent, upgrading local industries and stimulating the local economy," he said.

In 2011, Chinese companies owning overseas businesses paid taxes of more than $22 billion, employing 1.22 million people abroad.

【1】 【2】

Email|Print|Comments(Editor:MaXi、Liang Jun)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. An advanced military training base

  2. Chinese Navy's type-056 frigate

  3. Israeli troops arrest 3 Palestinian protesters

  4. Sand, haze pollute Beijing’s air

  5. Photo story: Arriving in Beijing

  6. Lantern Festival in women's prison

  7. Planting seeds for a dance revolution

  8. The most weird festivals in the world

  9. Easier entry to grid may charge

  10. Media Markt to shut down all city stores

Most Popular

Opinions

  1. Prevent Xiqu from being lost in translation
  2. Housing still on unsustainable path
  3. Property market so far so good
  4. Park Geun-hye's road will be tough
  5. China reserves right to appeal WTO ruling
  6. SOEs must act to avoid PR disaster
  7. Mainland hails Lien Chan's visit
  8. Party mulls personnel, govt reshuffles
  9. China must brace for impact of possible EU-US FTA
  10. Peaceful development important in cross-Straits ties

What’s happening in China

Arriving in Beijing

  1. Strong voice of the farmers
  2. More Chinese cities ready for property tax pilots
  3. Shanghai incomes continue strong rise
  4. Fog affects over 100 flights in E China
  5. Elderly population to surpass 200 mln in 2013