The government is expecting "record" levels of outbound direct investment by Chinese companies this year, and has vowed to ease and improve the systems involved to ensure that momentum continues.
Speaking at the 4th China Overseas Investment Fair in Beijing, Mu Hong, deputy head of the National Development and Reform Commission, pledged to boost the resources available to companies, and set up information networks and associations to help organizations with the advice they need to seek opportunities overseas.
"Despite the sluggish world economy, Chinese outbound investment remained robust and the whole year will see Chinese outbound investment at record levels," said Mu.
He said that in the first 10 months of the year, China's non-financial outbound direct investment totaled $58.17 billion, up 25.8 percent from a year earlier.
The country's ODI increased by 8.5 percent year-on-year in 2011 to $74.7 billion, with non-financial ODI reaching $68.6 billion, up 4 percent year-on-year.
The government will be looking at various specific issues, he said.
For instance, efforts will be made to improve the investment safeguards offered to Chinese companies by neighboring countries, while at home, there will be a fine-tuning of the legal and approval requirements needing to be met by firms looking to invest abroad.
The government also plans to fund a network of public information organizations abroad, and establish investment agencies and associations at home, which could offer business advice to companies looking to invest internationally.
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