China's direct outbound investment to exceed 60 bln USD by 2010: commerce ministry
5/6/2007 15:43
China's direct outbound investment will exceed US$60 billion by 2010,
said Assistant Minister of Commerce Chen Jian in Beijing yesterday. Chen made
the remarks at the press conference on the 11th China International Investment
Forum scheduled to kick off in September in Xiamen, southeast China's Fujian
Province. He said nearly 100,000 overseas businessmen from 144 countries and
regions have participated in the forum over the past decade and a total of
13,000 contracts have been inked. Chen said the annual event would continue
to be a platform for international investment cooperation and a series of
symposiums and conferences will be held to encourage domestic enterprises to
invest overseas. The ministry would also invite overseas governmental
institutions, trade associations and enterprises to take part in the forum, said
Chen. Ye Shuanyu, vice governor of Fujian, said the preparations for the
forum are going on smoothly. A total of 31 countries and several UN
organizations have signed up for the event.
Xinhua
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