Investment Policy News
- Investing in overseas trade zones supported
Date: 16-Jul-2007 Sources: (Shenzhen Daily)
CHINA will encourage more domestic companies investing in the development of economic and trade zones in other countries to boost the nation's outbound investment, Vice Trade Minister Liao Xiaoqi said Saturday at a business forum in Beijing.
China wants to boost outbound investment to narrow its trade surplus, switching from a two-decade-long policy of mainly attracting foreign direct investment. China's trade surplus widened 87 percent in June to a record US$26.9 billion from a year ago, the customs bureau said July 10. China's outbound investment has surged by more than 71 percent annually over the past three years, Liao said. Total overseas investment, in more than 160 countries and regions, stood at US$73.3 billion by the end of 2006, he added.
Sponsor Results:
