You are here:Home»Tips & Tricks»Health & Beauty»Beauty»World»Asia»China»China overtook Japan and the United Kingdom in 2010 as the fifth-largest overseas investor -

China overtook Japan and the United Kingdom in 2010 as the fifth-largest overseas investor

User Rating:  / 0


Despite obstacles, China overtook Japan and the United Kingdom in 2010 as the fifth-largest overseas investor.
"China's outbound direct investment (ODI) has created huge benefits for both China and other nations," Chen said.

The government will launch more measures to aid companies investing overseas and create a win-win situation for both China and other countries, Minister of Commerce Chen Deming said at the International Investment Forum 2011 in Xiamen, Fujian province.
The forum is part of the five-day 15th China International

Fair for Investment & Trade that started on Wednesday.
"Some developed nations have tried to block Chinese investment citing national security," Chen said. "This does not help efforts to combat the global financial crisis."
One prime example of this involved China's leading telecom provider, Huawei. The company was blocked from a series of overseas deals, in 2008 and 2010, amid concerns in the US over national security.

By the end of 2010, China's total ODI was $317.2 billion, the 17th largest, with investments in 178 nations and regions.
Even with political challenges, there are growing opportunities for Chinese companies to invest overseas, officials and experts believe.
Foreign officials attending the fair said that they welcomed Chinese investment.
"China has become the largest development partner and an important investor in Sri Lanka, especially in infrastructure projects," D.M. Jayaratne, Sri Lankan prime minister, said.
"There are plenty of opportunities and areas that we can exploit for our mutual benefit.
"Sri Lanka offers a wide variety of investment opportunities and incentives to foreign companies."
By the end of 2010, the Asia-Pacific region and Latin America were the top two destinations for China's ODI. But the EU and Oceania witnessed the most rapid growth in recent years.
Fonotoe Nuafesili Pierre Lauofo, Samoa's deputy prime minister and minister for commerce, industry and labor, said that "Samoa continues to enjoy a cooperative arrangement with China and is keen on strengthening trade and investment relations".
Officials from the commerce ministry predicted that China's ODI will exceed foreign direct investment (FDI) in three years.
"We will provide more effective support in terms of policy and service to Chinese companies," Chen said.
China is studying and exploring new ways to broaden the use of its foreign exchange reserves, and looking at channels and methods to expand cross-border yuan flows.
"Although China is facing new challenges, including higher labor costs, China's foreign investment environment will continue to remain competitive in the long term thanks to good infrastructure and labor resources," Chen said.
FDI expanded to $114.7 billion in 2010 from $46.9 billion in 2001, and China has opened its manufacturing sectors and more than 100 service sectors since 2001.
Attracting FDI was cited as a priority in the 12th Five-Year Plan (2011-2015).
"We will further improve the investment environment to provide equal treatment for companies at home and abroad, and come up with innovative ways of attracting FDI and widening the area for FDI," Chen said.
Coca-Cola announced in August that it will expand its investment, worth $4 billion, in China over the next three years on top of the $3 billion investment announced in 2009.
"New factors are boosting the competitiveness of China's investment climate, including world-class clusters of industry in coastal regions, a talented and educated workforce and the government's steps to protect intellectual property rights," said Hisao Sakuta, chairman of Omron, a leading electronics manufacturer.
"China is well on track to transforming itself into the world's quality manufacturing powerhouse from a low-cost processing and assembling base."

{modal url=|width=900|height=700}... > full story{/modal}

Bao Chang contributed to this story.

Making the Gradual Retirement of a Co-Founder Work

Making the Gradual Retirement of a Co-Founder WorkSlow retirements of senior executives present some of the same challenges to organizations as typical departures, and certain unique ones. As difficult as the financial buy-out element is, the more complex problems relate to how to fill the slowly expanding void created by a gradual departure.

...

Implant shocks patient's spines, restores partial use of paralyzed limbs

Implant shocks patient's spines, restores partial use of paralyzed limbsRemember that spinal implant that helped a paraplegic man walk (albeit in a harness) back in 2011? It's now been tested on three more partially paralyzed patients -- and it's working. The original device was a 16-electrode array that emitted small pulses of electricity to the spine, simulating the brain's natural impulses. With intensive therapy and training patients have been able to regain limited control over their paralyzed

...

NC man accused of sucking on toes is arrested

LINCOLNTON, N.C. (AP) — Police in North Carolina have arrested a man accused of sucking on a woman's toes at a Wal-Mart after convincing her that he was a podiatry student.... Read more...

Mamma Mia: ABBA mark 40 years since breakthrough

Mamma Mia: ABBA mark 40 years since breakthroughLONDON (AP) — Four decades on from the flares, fame and fabulousness, the members of ABBA say they have no regrets — not even about the clothes.

...

Woman raises $91,000 to help mom who left kids in hot car

Woman raises $91,000 to help mom who left kids in hot carPHOENIX (AP) — A Phoenix woman arrested after leaving her two kids in a hot vehicle during a job interview is fighting to clear her name in court, with the support of a New Jersey woman who has raised more than $91,000 to help her effort.

...

An Enormous Change Is About To Hit This $15 Billion Industry

Leaky pipe? Toilet running? It's time to call the plumber. But wait. Before you do, you better pull out the Rubik's cube. Dust off that Donna Summer LP. Put on some clogs. You need to be ready. You're about to take a trip back to the 1970's. Here we go... You call the plumbing firm and a middle aged lady named Miriam answers the phone. You ask to schedule an appointment. She checks the calendar. She tells you that a plumber can come out on... Read more...
You are here: Home Tips & Tricks Health & Beauty Beauty World Asia China China overtook Japan and the United Kingdom in 2010 as the fifth-largest overseas investor