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China overseas investment review

07-14-2010 14:08 BJT

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The Ministry of Commerce says China's non-financial foreign direct investment totaled 43.3 billion yuan in 2009. Let's have a quick look at China's efforts in the past few years to expand its overseas market.

1. 2005   PetroChina purchased Kazakhstab Oil   worth US$4.1bln

2. 2007   China Investment Co. purchases 10% shares of Morgan Stanley   worth US$5bln

3. 2008   ICBC spends US$5.6bln to purchase 20% shares of The Standard Bank of South Africa

4. 2009   Sinopec spends US$7.5bln to purchase Addax Petroleum Co.

5. 2010   CNOOC spends US$3.1bln to purchase 50% shares of Argentine Brida Energy Holding Ltd.

6. 2010   Geely spends US$1.8bln to purchase Volvo from Ford Motors

Editor:Xiong Qu |Source:

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