Apple News Facebook Twitter 新浪微博 Instagram YouTube Friday, May 10, 2024
Search
Archive
English>>

Chinese companies abroad hire more local employees

(Xinhua)    14:41, November 23, 2017

BEIJING, Nov. 23 -- Chinese companies abroad hired 118,000 more local employees in 2016 than in 2015, according to the country's top economic planner.

The number of local employees working for Chinese companies abroad rose to more 1.3 million last year, said Zhou Xiaofei, deputy secretary-general of the National Development and Reform Commission, at the 2017 International Industrial Capacity Cooperation Forum and the 9th China Overseas Investment Fair, held in Beijing.

China's global outbound direct investment, which includes corporate mergers, acquisitions and start-ups, reached nearly 1.4 trillion U.S. dollars by the end of 2016.

Foreign direct investment (FDI) into the Chinese mainland added up to 1.8 trillion U.S. dollars by the end of last year, according to Zhou.

FDI into the Chinese mainland claimed has been third highest in the world for nine years in a row.

"Foreign-funded enterprises contributed one-fourth of the country's industrial output, one-fifth of its treasury income and one-tenth of urban employment," Zhou said.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Web editor: Sun Zhao, Bianji)

We Recommend

Most Read

Key Words