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BEIJING, Nov. 2 (Xinhua) -- Chinese companies' overseas investment rose 10.4 percent year on year in the first nine months even as global investment as a whole dropped sharply over the period, a senior Chinese official said Tuesday.Chinese companies invested 36.3 billion U.S. dollars overseas in the first three quarters, excluding investments in financial sectors, as other other companies, hit by the global downturn, reduced overseas investment, Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, China's top economic planning agency, said at the opening of the 2nd China Overseas Investment Fair in Beijing.China has emerged as a major source of foreign direct investment (FDI) outflows.Although global FDI outflows dropped 40 percent year on year in 2009, China's overseas investments rose 14.2 percent year on year to 47.8 billion U.S. dollars, said Zhang.By the end of 2009, more than 12,000 Chinese firms had set up 13,000 overseas enterprises in 170 countries and regions, he said.The National Development and Reform Commission approved the two-day Second China Overseas Investment Fair, which the China Industrial Overseas Development and Planning Association (CIODPA) and China Development Bank are co-hosting.Representatives of government, multinational companies, international organizations and financial institutions from more than 120 countries gathered at the trade fair to persuade Chinese investors to invest overseas.
BEIJING, Aug. 30 (Xinhua) -- Chinese President Hu Jintao held talks last Friday with top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Il in Changchun, capital city of northeast China' s Jilin Province.Kim, general secretary of the Worker' s Party of Korea (WPK) and chairman of the DPRK National Defense Commission, paid an unofficial visit to China from August 26 to 30 at the invitation of Hu, also general secretary of the Central Committee of the Communist Party of China (CPC).Hu said that at present, China and the DPRK are increasing vigorous exchange and cooperation in various fields, among various departments and between provinces along the borders. The two sides have maintained close communication and coordination on issues of the Korean Peninsula and the region.Hu said China is ready to work with the DPRK to carefully safeguard and develop friendly and cooperative relations between the two countries.During the talks, Hu put forward three proposals for further strengthening relations between the CPC and the WPK and between the two countries.Firstly, the two sides should maintain high-level contact, which is of great significance to continuously pushing forward the development of the China-DPRK links. Leaders of the two sides should continue to maintain regular communication in various forms.Secondly, the two sides should advance trade and economic cooperation. Expanding and deepening mutually beneficial and win-win trade and economic cooperation is in the basic interests of the two peoples. China is ready to grow trade and economic cooperation on the principles of government guidance with enterprises playing a major role, market operation, and mutual benefits for win-win results.Thirdly, the two sides should strengthen strategic communication. Since the regional and international situation is undergoing profound and complicated changes, prompt, thorough and in-depth communication between China and the DPRK on major issues is of critical importance to effectively maintaining peace and stability in the Northeast Asia region and to promoting common development.

BEIJING, Aug. 30 (Xinhua) -- Chinese President Hu Jintao held talks last Friday with top leader of the Democratic People's Republic of Korea (DPRK) Kim Jong Il in Changchun, capital city of northeast China' s Jilin Province.Kim, general secretary of the Worker' s Party of Korea (WPK) and chairman of the DPRK National Defense Commission, paid an unofficial visit to China from August 26 to 30 at the invitation of Hu, also general secretary of the Central Committee of the Communist Party of China (CPC).Hu said that at present, China and the DPRK are increasing vigorous exchange and cooperation in various fields, among various departments and between provinces along the borders. The two sides have maintained close communication and coordination on issues of the Korean Peninsula and the region.Hu said China is ready to work with the DPRK to carefully safeguard and develop friendly and cooperative relations between the two countries.During the talks, Hu put forward three proposals for further strengthening relations between the CPC and the WPK and between the two countries.Firstly, the two sides should maintain high-level contact, which is of great significance to continuously pushing forward the development of the China-DPRK links. Leaders of the two sides should continue to maintain regular communication in various forms.Secondly, the two sides should advance trade and economic cooperation. Expanding and deepening mutually beneficial and win-win trade and economic cooperation is in the basic interests of the two peoples. China is ready to grow trade and economic cooperation on the principles of government guidance with enterprises playing a major role, market operation, and mutual benefits for win-win results.Thirdly, the two sides should strengthen strategic communication. Since the regional and international situation is undergoing profound and complicated changes, prompt, thorough and in-depth communication between China and the DPRK on major issues is of critical importance to effectively maintaining peace and stability in the Northeast Asia region and to promoting common development.
BEIJING, Oct. 27 (Xinhua) -- Chinese leaders on Wednesday met with visiting Italian President Giorgio Napolitano and discussed advancing bilateral relations.Wu Bangguo, chairman of China's National People's Congress (NPC) Standing Committee, the country's top legislature, said China and Italy both faced severe challenges and new opportunities as the international situation was undergoing profound changes.As the two countries shared a wide range of common interests, Wu said, it was in the fundamental interests of both peoples to develop China-Italy ties, which also worked for world peace and development.As this year saw the 40th anniversary of bilateral diplomatic relations, the two countries should maintain exchanges and dialogues at all levels, take care of each other's major concerns and deepen political trust, Wu said.Wu proposed all-round trade and economic cooperation, particularly in the fields of environment, science and technology, small and medium-sized businesses.Wu called on the two countries to step up communication and coordination under the China-EU and Asia-Europe frameworks and the international organizations like the United Nations and Group 20 in a bid to build a fair and reasonable international political and economic system.Napolitano, on his first visit to China as Italian head of state, said Italy appreciated China's remarkable economic and social development.The 85-year-old underscored Italy's commitment to developing ties with China, saying Italy and Europe could not develop without building closer links with China.Napolitano said Italy would take care of China's major concerns, enhance trade and economic cooperation and expand exchanges of visits.
BEIJING, Aug. 27 (Xinhua) -- The United States has repeatedly blocked investment from Chinese companies on national security grounds, a protectionist move that will only harm its own interests, analysts say.Eight U.S. congressmen recently asked the Obama administration to scrutinize a deal between Chinese telecom equipment giant Huawei and the American operator Sprint Nextel on national security grounds.It was not the first time Huawei's attempts to break into the U.S. market have been stymied. Earlier its buyout attempt of 3Com was summarily dismissed by the U.S. government.Citing national security concerns again, a bipartisan group of 50 lawmakers in July requested that the government investigate an investment project of China's Anshan Iron and Steel Group (Ansteel), China's fourth largest steelmaker, which plans to establish a joint rebar venture with a U.S. partner in Mississippi."It is inappropriate for some U.S. lawmakers to label regular business behavior as a move that threatens national security," Yao Jian, a spokesman for the Ministry of Commerce, recently said about Ansteel's investment plan."I hope the United States can create a better investment environment for Chinese enterprises," he said.Chinese analysts said the actions were sheer protectionism, adding that national security concerns is only a lame excuse by U.S. authorities, whose true intention is to protect the interests of domestic enterprises and industries.Moreover, standing up to China's allegedly unfair trade practices can easily earn the congressmen much needed political chips in the upcoming mid-term election in November, the analysts said.The setback that Huawei and Ansteel suffered is only the tip of the iceberg. Actually, blocking investment from Chinese companies in the name of national security has morphed into a knee-jerk reaction that could only harm America's own interests.Emcore Corporation, a U.S. fiber optics producer, announced in late June that it has abandoned a joint venture in partnership with China's Tangshan Caofeidian Investment Corporation because the Committee on Foreign Investment in the United States "has certain regulatory concerns about the transaction."
来源:资阳报