Chinese Companies Urged to Expand Overseas Investment

China is stepping up efforts to boost various forms of overseas investment cooperation and develop its own multinational companies, reports the China Daily.

 

According to a report on the Daily, China companies invested a total of US$245.7 billion in 177 countries and regions by the end of last year, making China the fifth largest global investor.

 

"In future, we will encourage more Chinese enterprises to go aboard, deepen South-South Cooperation and truly help developing countries raise economic development capacity," Vice President Xi Jinping said at the opening of the Second World Investment Forum, sponsored by the United Nations Conference on Trade and Development (UNCTAD).
 

 

MORE ARTICLES ON CHINA REGULATIONS

Read more on

Suggested Articles

Some of you might have already been aware of the news that Questex—with the aim to focus on event business—will shut down permanently all media brands in Asia…

Some advice for transitioning into an advisory role

Global risks are intensifying but the collective will to tackle them appears to be lacking. Check out this report for areas of concern