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BEIJING - China will
introduce more favorable policies to help domestic enterprises go global, an
official from the Ministry of Commerce (MOC) said.
The MOC will partner
with other ministries to push policies for outbound investment, cooperation
among countries participating in the Belt and Road Initiative, encouraging high
value-added investments, and improving information services and risk-control
measures for overseas businesses, said Zhou Zhencheng, vice director of the
Department of Outward Investment and Economic Cooperation under the MOC at a
conference on Sunday.
While outbound investment
in China is growing at a fast pace, it's still at a preliminary level compared
with developed countries and faces challenges such as a lack of innovation and
growing geopolitical risk, Zhou said.
China's overseas
nonfinancial investment during the first 10 months of 2015 surged 16.3 percent
year on year to hit 589.2 billion yuan ($92.2 billion), covering 5,553
companies across 152 countries and regions, according to data from the MOC.
Outbound direct
investment in 49 nations along the Belt and Road routes totaled $13.17 billion
during the period, up 36.7 percent year on year.
The growth of outbound
investment will continue to surpass the rise in foreign direct investment, Zhou
predicted.
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