Private companies accounted for nearly half of China's outbound investment in 2011, a senior trade official said on Thursday, while expecting the proportion to continue expanding as the government supports investors seeking overseas projects.
In 2011, China's outbound direct investment in the non-financial sector reached $68.58 billion, among which around 45 percent was from non-State-owned enterprises, said Shi Ziming, commercial counselor at the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce.
Although SOEs still accounted for around 90 percent of China's cumulative ODI by the end of 2011, Shi was confident the private sector would play a bigger role.
"Private enterprises will definitely play a more and more important role in the process of the nation's outbound direct investment activities.
"They will probably surpass State-owned enterprises as the major force of China's investment wave," Shi said.
According to the top 100 non-financial Chinese companies ranked by ODI in 2011, Lenovo Group Ltd, Huawei Technologies Co Ltd, and Geely Holdings Group are the three largest private investors overseas, ranking 25th, 27th and 31st.
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