Home / Business / News Tools: Save | Print | E-mail | Most Read | Comment
More firms to further globalize
Adjust font size:

A comprehensive service system, including legislation, finance, insurance and intermediary services, should be launched to better facilitate Chinese enterprises' globalization efforts.

 

The call was made in the Bluepaper on Chinese Enterprises Going Global, unveiled on Wednesday in Shanghai and Beijing.

 

The first of its kind, the paper echoes a recent report made from General Secretary of the Communist Party of China Central Committee Hu Jintao, in which he called for the creation of more world-famous Chinese brands and supported Chinese enterprises' efforts to go global.

 

"We will better integrate our 'bring in' and 'go global' strategies, expand the areas of opening up ... to gain new advantages for China in international economic cooperation and competition amid economic globalization," Hu said in his report to the 17th Party Congress last month.

 

China's investment overseas has registered a robust annual growth of 60 percent over the past five years. By the end of 2006, the nation's direct investment abroad reached US$90.6 billion, covering 172 nations and regions.

 

Despite the strong growth, China's investment abroad still remains weak, especially in comparison to the huge inflow of overseas capital, according to the bluepaper.

 

In 2006, China's investment abroad reached US$17.6 billion - much less than the US$69.5 billion it received from overseas firms.

 

The United States, for example, received US$175 billion in foreign capital in 2006, while its investment abroad reached US$217 billion.

 

The bluepaper predicted that by 2011, the gap between the amount of investment coming into and flowing out of China would be narrowed to US$20.9 billion, less than half its current level.

 

"Chinese enterprises should strive in every way to introduce advanced technologies from abroad and seek to move their production and sales sectors abroad to fully take advantage of world economic integration," said Shanghai Current Economics Research Institute researcher Wang Liang, who contributed to the bluepaper. Wang also advised Chinese entrepreneurs to conduct thorough market research and investigation to better integrate into the local societies of their destination countries when investing abroad.

 

In addition, qualified Chinese banks should be encouraged to launch more overseas outlets or buy stakes in foreign banks to make cross-border business operations more convenient for Chinese enterprises, the bluepaper said.

 

China's investment abroad reached US$7.8 billion in the first half of this year, registering a year-on-year growth of 21.1 percent.

 

(China Daily November 17, 2007)

 

Tools: Save | Print | E-mail | Most Read
Comment
Pet Name
Anonymous
China Archives
Related >>
- Report: How Best to Invest Overseas
- 60 National Firms Have Global Potential
Most Viewed >>

Nov. 1-2 Tianjin World Shipping (China) Summit
Nov. 7-9 Guangzhou Recycling Metals International Forum
Nov. 27-28 Beijing China-EU Summit
Dec. 12-13 Beijing China-US Strategic Economic Dialogue

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
主站蜘蛛池模板: 免费看黄a级毛片| 国产午夜视频在线观看| 亚洲精品二三区伊人久久| 亚洲激情小视频| 成人午夜精品久久久久久久小说| 亚洲日韩精品欧美一区二区| 蜜臀AV一区二区| 国语自产偷拍精品视频偷| 一级欧美一级日韩片| 欧美jizz18欧美| 免费在线观看色| 鲁不死色原网站| 图片区偷拍区小说区| youjizzcom最新中国| 日韩aⅴ人妻无码一区二区| 亚洲精品资源在线| 精品中文字幕一区二区三区四区| 国产成人久久综合热| 99色视频在线观看| 日本vs黑人hd| 亚洲伊人久久精品影院| 篠田优在线一区中文字幕| 国产女人的一级毛片视频| 99精品国产高清一区二区| 小东西几天没做怎么这么多水 | 蜜柚免费视频下载| 国产在线观看精品香蕉v区| 好吊色永久免费视频大全| 天天天天天天操| 久久久精品一区二区三区| 欧美成年黄网站色视频| 北条麻妃中文字幕在线观看| 国产高清国内精品福利| 国产精品久久久久影院| 1313午夜精品理伦片| 国产麻豆91网在线看| 一本之道高清在线| 日本午夜电影院| 亚洲天堂在线播放| 男女午夜性刺激| 国产69久久精品成人看|