China's Overseas Investment Surpasses 71 Bln USD

2006-12-17 11:40:21 CRIENGLISH.com

China has seen its overseas investment reach 71.2 billon US dollars as of September, with more than 10,000 China-funded enterprises set up abroad.

Sources with the People's Daily said an average 66 percent yearly growth rate has been made in China's overseas investment sector since the country entered the World Trade Organization (WTO) in 2001.

Many Chinese enterprises have also put their foot in international mergers and acquisitions, which is one of the main overseas investment modes of Chinese corporations, it added.

However, the paper pointed out that China's overseas investment is still comparatively trivial since it only accounts for 0.5% of the world.

China's Commerce Ministry has voiced support for the overseas investment undertaken by Chinese enterprises. The ministry said it will improve related policies and its service system, as well as implement a security mechanism for overseas investment.

Recommend

CRIENGLISH.com claims the copyright of all material and information produced originally by our staff. All rights reserved. Reproduction of text for non-commercial purposes only is permitted provided that both the source and author are acknowledged and a notifying email is sent to us.

CRIENGLISH.com holds neither liability nor responsibility for materials attributed to any other source. Such information is provided as reportage and dissemination of information but does not necessarily reflect the opinion of or endorsement by CRI.