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BEIJING, Sept. 6(Xinhuanet) - China bucked international trends in both outbound and inward investment, official figures have revealed.China now ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of .5 billion, compared to a ranking of 12th in 2008, the Ministry of Commerce said on Sunday.On top of this, foreign direct investment (FDI) this year was set to "surpass 0 billion", compared to billion last year, ministry officials predicted.Globally, foreign investment decreased by almost 40 percent last year amid the financial downturn and is expected to show only marginal growth this year.The growth in both outbound investment from, and inbound investment to, China reflects the nation's rising economic power and attractiveness as an investment destination. China's annual outbound direct investmentThe ministry made the announcements during a press conference held in Xiamen on the upcoming United Nations Conference on Trade and Development (UNCTAD) World Investment Forum and the 14th China International Fair for Investment and Trade. Both forums will start on Tuesday.According to the ministry, China's ODI grew by 1.1 percent from a year earlier to .53 billion, which includes investment of .8 billion in non-financial sectors worldwide, up 14.2 percent year-on-year.Last year was the eighth consecutive year that the nation's ODI had grown. In this period the average annual growth rate stood at more than 50 percent."China is now the fifth largest investing nation worldwide, and the largest among the developing nations," said Shen Danyang, vice-director of the ministry's press department.In 2009, global ODI volume reached .1 trillion, and China contributed about 5.1 percent of the total.But "this is just a beginning." Although the figure is already "quite amazing," the volume is "not large enough" considering China's economic growth and local companies' expanding demand for international opportunities, Shen said."The growth rate (for ODI) in the next few years will be much higher than previous years," Shen said, without elaborating.China's ODI growth witnessed strong momentum this year. From January to June, the ODI in financial sectors was up by 43.9 percent to .84 billion, and in July alone, the ODI recorded .91 billion, the highest this year.Liu Zuozhang, director of the investment promotion agency under the commerce ministry, told China Daily that China's ODI in non-financial sectors would probably grow to billion this year.But while more Chinese companies were investing overseas, barriers and protectionism against Chinese investment were strengthened as well.Fan Chunyong, standing deputy chief of the China Industrial Overseas Development and Planning Association, said the challenge would not affect the upward trend of the ODI."China's ODI will go up to 0 billion in 2013, and the Chinese accumulative overseas investment will reach 0 billion by then," said Fan.According to the ministry, by the end of 2009, 13,000 Chinese enterprises had invested in 177 nations and regions worldwide, and the largest volume of funds went to the Asia-Pacific region. Europe and Africa ranked second and third in absorbing Chinese investment.Figures also revealed that more Chinese enterprises were focused on developed nations and emerging markets. During the first half of the year, China's ODI to the United States and the European Union rocketed by 360 percent and 107.2 percent respectively year-on-year. And investment into ASEAN and Russia grew by 125.7 percent and 58.5 percent.Jinny Yan, economist from Standard Chartered Shanghai, predicted that the EU would continue to be a hotspot for China's outbound investment in the coming months thanks to the ongoing European debt woes.As for FDI, Shen predicted it would reach a record high of 0 billion this year as China's consumption capacity gradually picked up and the nation's efforts on creating an open and transparent investment environment paid off.Responding to recent complaints by foreign businesses on the "worsening" investment environment, he said it "highlights foreign businesses are attaching more importance to the Chinese market".A report by the European Chamber of Commerce released last Thursday said China had made progress on improving its investment environment, but still needed to do more, especially on market access and the regulatory environment.While global FDI slumped by almost 40 percent last year, China's FDI was down by a mere 2.6 percent, according to the UNCTAD. China remained the second largest recipient nation of FDI, following the US.During the first seven months, China's FDI increased by 20.7 percent to .35 billion, and FDI in July surged by 29 percent.Zhan Xiaoning, director of the investment and enterprise division under the UNCTAD, said China was taking the leading role in the FDI recovery worldwide, even though FDI growth was not a cause for optimism globally.

BEIJING, Oct. 18 (Xinhua) -- China's disaster relief authorities on Monday issued a national early disaster warning to gear up for super typhoon Megi, which is expected to batter China's southern coastal areas.The Ministry of Civil Affairs and the State Disaster Relief Commission, which agreed to activate the response, issued urgent notices to the civil affairs departments in the regions along the southern coast -- Hainan,Guangdong, Guangxi and Fujian -- to prepare for relief operations.Possibly the strongest typhoon to hit China this year, Megi, which means "catfish" in Korean, is expected to reach the eastern South China Sea around Tuesday midnight, bringing strong winds and rain to the four regions along the coast.The notices ordered local civil affairs departments to closely monitor the typhoon, take precautionary measures against possible geological disasters and flooding in cities, and ensure that people in vulnerable areas are evacuated on time.The 13th typhoon of the year, Megi is packing winds of up to 260 km per hour, making it the strongest typhoon to appear in the northwest Pacific since 1990 and the strongest typhoon of the year worldwide, according to China's National Meteorological Center.
WARSAW, Nov. 4 (Xinhua) -- China's top political adviser Jia Qinglin met Grzegorz Schetyna, speaker of the Polish House of Representatives, here Thursday and vowed to bolster ties with the central European nation. Jia, chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, applauded Chinese-Polish relations, urging the two sides to boost economic and trade cooperation."China attaches importance to the relations with Poland, which is China's important partner in Europe and the European Union," Jia said.China will, based on the principles of mutual respect, mutually beneficial, non-interference of domestic affairs, further personnel exchange with Poland, expand cooperation in various fields such as trade and economy, take care of each other's core interests and major concern, Jia said. Jia Qinglin (R), chairman of the Chinese People's Political Consultative Conference (CPPCC) National Committee, meets with Grzegorz Schetyna, speaker of the Polish House of Representatives, in Warsaw, Poland, Nov. 4, 2010.Schetyna welcomed Jia's visit, during which several agreements on economic and technological cooperation were inked, saying it would contribute to the development of bilateral ties.Jia arrived here Tuesday for a five-day official goodwill visit. He will continue his four-state trip after visiting Krakow, the ancient Polish capital in the south of the country.Upon his arrival at Krakow Thursday afternoon from Warsaw, Jia met with Stanislaw Kracik, governor of the Lesser Poland Voivodeship in southern Poland.He hailed the cooperation between the Polish province and its sister Jiangsu Province in east China, urging the two provinces to further such ties.
BEIJING, Oct. 25 (Xinhua) -- Chinese President Hu Jintao and Vice President Xi Jinping on Monday met with veterans and heroes of the Chinese People's Volunteers (CPV) to commemorate the 60th anniversary of the volunteer army entering the Democratic People's Republic of Korea (DPRK) to help in the war to resist U.S. aggression.Hu is commander-in-chief of China's armed forces, while Xi has been newly appointed vice chairman of the Central Military Commission (CMC) of the Communist Party of China.In his address on behalf of the CPC Central Committee and the CMC, Xi said that the Chinese movement 60 years ago was "a great and just war for safeguarding peace and resisting aggression."Chinese President Hu Jintao (3rd R, front), also chairman of the Central Military Commission, and Chinese Vice President Xi Jinping (2nd R, front) meets with representatives of Chinese People's Volunteers (CPV) veterans and old comrades who have devoted to the entry of the Chinese People's Volunteers into the Korean front prior to a symposium that commemorate the 60th anniversary of the entry of the CPV into the Korean front in Beijing, capital of China, Oct. 25, 2010."It was also a great victory gained by the united combat forces of China's and the DPRK's civilians and soldiers, and a great victory in the pursuit of world peace and human progress," Xi said.Xi said the Chinese people would never forget the great contribution and sacrifice made by the nation's founders and, in particular, the people who made history during a war that saw the weak defeating the strong.The Chinese people will never forget the friendship -- established in battle -- with the DPRK's people and army, he said. Xi also acknowledged the former Soviet Union's government and people who provided help to the volunteer army.
来源:资阳报