"The trend for Chinese enterprises 'going abroad' has entered a period of rapid development," said Assistant Minister of Commerce, Chen Jian, said in an online interview on China's government website (http://www.gov.cn). During the "eleventh five-year plan" period, China's total investment is expected to reach US$66 billion. By 2020, the value of foreign investment will reach US$30 billion.
To better support Chinese enterprises going abroad, the Ministry of Commerce implemented measures that would establish overseas trade cooperation zones by the end of 2005. Supportive policies that cover finance, banking, insurance, arrival in or departure from a country, and taxes will be executed.
In terms of overseas investment insurance, China Export & Credit Insurance Corporation (SINOSURE) has set up an overseas investment insurance system. Chen Jian said that in response to overseas security issues, China has established an emergency treatment mechanism, led by the Ministry of Foreign Affairs, to handle overseas emergencies. Furthermore, China will establish an overseas security services system with a general social plan.
By People's Daily Online
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