Arab Today, arab today growth in china\s overseas investment slows
Last Updated : GMT 04:23:09
Arab Today, arab today
Arab Today, arab today

Growth in China\'s overseas investment slows

Arab Today, arab today

Arab Today, arab today Growth in China\'s overseas investment slows

Beijing - AFP

China said Thursday growth in its overseas direct investment slowed sharply last year as the global economic recovery remained weak and amid financial turmoil in Europe and the United States. Beijing also called on foreign countries to treat its investors fairly amid continued suspicions in some about the growing economic influence of the Asian giant. Outbound direct investment rose 8.5 percent last year from 2010, compared to an annual increase of around 22 percent the previous year, official data showed. Last year\'s rise was also dwarfed by an average annual increase of 44.6 percent between 2002 and 2011. Chinese investors sent $74.65 billion in direct investment to foreign countries last year, up from $68.81 billion in 2010, according to the Statistical Bulletin of China\'s Outward Foreign Direct Investment. But investment in foreign financial sectors fell 29.7 percent on-year to $6.07 billion, as Chinese investors turned cautious amid international financial turmoil, particularly in Europe and the United States. Unveiling the investment report, Shi Ziming, an official in charge of outward investment at the Ministry of Commerce, called for \"relaxed and fair\" treatment for Chinese investors. Big-check investments by China, often made by state-owned companies, are most likely to come under foreign government scrutiny and in some cases have been blocked for reasons of national security. In one of the most high-profile cases, state-owned oil group CNOOC in 2005 had to abandon its $18.5 billion offer for Unocal in the United States due to what it called \"unprecedented political opposition\" in Washington. \"China\'s state-owned companies, like other enterprises, operate on their own and... are job creators, tax payers and product and service providers in host countries just as any other investors,\" Shi told reporters. \"I hope various parties in host countries will look at overseas investment by Chinese companies in a more tolerant and rational manner and create a relaxed and fair environment for them.\" The government expects overall overseas direct investment to rise in coming years as the world\'s second-largest economy continues to steam ahead and Chinese companies become more experienced and competitive abroad. \"I think prospects for Chinese companies to invest abroad are profound taking into account these factors and the current global economic situation,\" Shi said. China has set goals to increase overseas direct investment at an average annual rate of 17 percent through 2015 to $150 billion by then, she added.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today growth in china\s overseas investment slows Arab Today, arab today growth in china\s overseas investment slows

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today growth in china\s overseas investment slows Arab Today, arab today growth in china\s overseas investment slows

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday