Home>Top Issues

China becomes net capital exporter

Monday,Nov 28, 2016

From: People’s Daily Online

China became a net capital exporter in 2015, marking the first time that Chinese investment overseas exceeded foreign investment in China, according to a report issued on Nov. 23.

The Blue Book of Chinese Enterprise Globalization (2016), compiled by the Center for China and Globalization, pointed out that China’s outward foreign direct investment (OFDI) in 2015 topped $145.6 billion, up 18.3 percent year on year. This also marks the first time that China’s OFDI ranked second in the world. Meanwhile, the amount of foreign capital in China was $135.6 billion in 2015.

The report added that the world witnessed rapid growth of Chinese enterprises making overseas purchases or participating in mergers in 2015-16. Overseas mergers and acquisitions have topped $110 billion since the beginning of 2016, while the number for 2015 as a whole was $106.8 billion.

In particular, enthusiasm for investments was apparent in the U.S., Europe and some Asian countries, according to the report, which noted that 2015 to 2016 was a “golden era” for Chinese enterprises investing overseas.

Addressing a seminar on Nov. 23, CCG senior researcher He Weiwen, who is also a former economic and commercial counselor at the Chinese consulates in New York and San Francisco, pointed out that Chinese enterprises tend to invest heavily in real estate development, but there is inadequate focus on high-end manufacturing, such as in the bio-pharmaceutical industry.

From People’s Daily Online,2016-11-24

 

  • Shanghai becomes international talents’ favorite city

    Shanghai is the most favorite Chinese city for international talents, followed by Beijing, South China’s Guangdong Province and East China’s Jiangsu Province, according to a report on regional international talent competitiveness released on Monday.

  • Will foreign employees enjoy social security rights in China?

    The social security in China is far below the international levels. Many foreigners come to China and pay social security, but if they leave China, they can neither enjoy the benefits nor withdraw all their pension. In some cases, they can get the pension funds they have been contributing every month, but not the part covered by the government and employers.

  • China could help US rebuild aging infrastructure, thinktank says

    China and the United States will both benefit if they work together on infrastructure construction, a top think tank reported on April 5. The report is titled Infrastructure Cooperation: New Opportunities for US-China Relations and published by Beijing-based Center for China and Globalization(CCG). It explains how several projects in which Chinese companies have entered the US market are helping the US government meet goals set by President Donald Trump during his campaign.

  • APEC Trade Ministers Omit Protectionism Pledge in Statement

    Asia-Pacific trade ministers issued a diluted “actions” statement after a weekend meeting in Vietnam, suggesting further pressure from the U.S. to avoid explicit pledges to combat protectionism.

  • Reciprocal arrangement to boost bilateral trade

    How to improve China-US trade and how Washington can reduce its trade deficit with Beijing are issues affecting bilateral ties. Three experts share their views on these issues with China Daily.