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Chinese companies invested in 2,170 overseas enterprises in 129 countries and regions in the first three months, said the statement posted on the MOC website.
Chinese banks' asset quality will likely improve as a profitable first half of the year will likely encourage corporate borrowers to repay loans, experts said.
Chinese government's efforts in tech innovation and achievements of Chinese companies such as Alibaba and Tencent form the reasons for China to top the list, according to Sophia Patsikas, lead researcher at Expert Market, as reported by Forbes.
Chinese companies are also teaming up to develop smart cars. A total of 21 Chinese companies are planning a 1 billion yuan (4 million) joint venture that will specialize in research and development of such cars. Among investors are FAW Group Corp, Dongfeng Motor Corp, China Mobile, China Unicom and ridesharing giant Didi Chuxing's parent company, Beijing Xiaoju Technology, according to Shanghai Baolong Automotive Corp, also a potential investor, in its filing with the Shanghai Stock Exchange in late December.
Chinese home appliances manufacturer Konka Group Co Ltd will increase investment in 5G, 8K, AIoT (artificial intelligence plus internet of things), semiconductor and new display, as part of its broader push to drive the consumption upgrade of the country's television industry.
