Latest News:  

English>>Business

China's FDI to Reach 150b USD in 2015

(CRI Online)

15:35, June 29, 2013

BEIJING, June 29 (Xinhuanet) -- The Ministry of Commerce has revealed earlier that China's foreign direct investment is expected to reach 150-billion Dollars by 2015.

Chen Run-yun is a counselor with the ministry.

"During the 'Eleventh Five-Year' period, the growth rate of China's foreign direct investment reached as 8 times the high as that of the previous period, and the average annual growth rate recorded 34 percent, which was far above the global average."

China currently has set up 16 economic and trade zones in 13 countries worldwide, generating an output value of some 10billion USD annually.

In the latest case, the country's largest meat processor Shuanghui International managed to buy U.S pork icon Smithfield for about US$4.7 billion early in May.

Meanwhile, Chen Runyun has also refuted criticism that the large number of investment made by Chinese companies is a new form of colonialism.

"Last year, China's foreign investment ranked the sixth in the world, and there was still a big gap compared with developed countries. If you call China's investment 'colonialism', what about those countries? "

Chen adds that the Chinese government has always urged companies to promote common development while making foreign investment.

We Recommend:

'All in Tuning All in Caravanning' Show

HK's new cruise terminal receives luxury liner

Huawei unveils thinnest smartphone in Singapore

Airbus A350 lands safely from test flight in S. France

Special coverage: China-EU solar row

Highlights of ATC Show 2013

Top 10 luxury villas of China in 2013

Turn rabbit to 'gold' - A young entrepreneur's goal

Hilton to open 120 new hotels in China

Email|Print|Comments(Editor:MaXi、Yao Chun)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Officers and men in firing drill

  2. Mandela's condition continues to improve

  3. Austrian air show opens

  4. Intense air pollution hits Beijing

  5. Kendo and its Chinese followers

  6. China focus:
    Chinese crowds

  7. Traditional way of living in C China village

  8. Spice your summer up 2013

  9. Train connects Harbin with Haikou

  10. China's 1st intelligent high-speed train tested

Most Popular

Opinions

  1. Inequality grinding the gears of growth engine
  2. Manila mulling wider access for US, Japan
  3. Marriages are made in heaven not in fairs
  4. China can curb credit crunch: ADB official
  5. As house prices rise, 'wild' theories thrive
  6. PBOC's caution amid cash crunch to pay off
  7. No pains, no gains for China's economy
  8. 'Kingdom of Bicycles' rises again
  9. Positive energy needed in Sino-British relations
  10. Prism program – who are the principal victims?

What’s happening in China

Graduation ceremony held in Zhejiang University

  1. 5.6-magnitude quake hits Taiwan
  2. School bus drivers' licenses suspended
  3. Most parts of Beijing shrouded by severe haze
  4. 22,600 evacuated in E China downpours
  5. School has lessons to teach on energy efficiency