- CNTV English - CCTV News

Vice president calls on Chinese firms to boost foreign investment

09-07-2010 16:04 BJT

XIAMEN, Sept. 7 (Xinhua) -- Vice President Xi Jinping Tuesday encouraged Chinese companies to expand overseas investment as the country became the fifth largest global investor.

Chinese Vice President Xi Jinping delivers a keynote speech during the opening
ceremony and world leaders investment summit of the 2nd World Investment Forum,
which is sponsored by the United Nations Conference on Trade and Development
(UNCTAD), in the coastal city of Xiamen, southeast China's Fujian Province,
Sept. 7, 2010.(Xinhua/Lan Hongguang)

"We are stepping up efforts to boost various forms of overseas investment cooperation and develop our own multinational companies," Xi said at the opening of the Second World Investment Forum, sponsored by the United Nations Conference on Trade and Development (UNCTAD).

China ranks as the fifth largest global investor in outbound direct investment (ODI) with a total volume of 56.5 billion U.S. dollars, figures released Sunday by the Ministry of Commerce showed.

"In recent years, China has worked in line with the different stages of opening-up... and adopted new ways of conducting overseas investment and cooperation," Xi said.

The country had supported its enterprises in developing international operations in research and development, production and distribution.

Xi said China was working to support top enterprises to establish international networks for sales distribution.

As of 2009, Chinese companies had set up 13,000 overseas enterprises with overall assets exceeding 1 trillion U.S. dollars.

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program