Thursday, April 28, 2011

Chinese companies to boost overseas investment

Article China Daily

Some highlights
Companies investing overseas traditionally favored the machinery and textile sectors, but recently investments in agriculture, mining and energy have surged, the survey said.

Other sectors are also attracting interest, an analyst said.

"High-tech and clean energy technology companies are becoming hot targets for overseas mergers and acquisitions," said Xu Weiqing, an analyst with Zero2IPO Group, a capital market research company.

In 2010, Chinese firms invested in 3,125 overseas companies in 129 countries and regions and total foreign direct investment in non-financial sectors rose 36 percent to $59 billion, according to the Ministry of Commerce.

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