21 Mar '11, 12am

China calls for equal market access overseas

China calls for equal market access overseas

BEIJING: China's Minister of Commerce Chen Deming on Sunday urged foreign governments to improve their investment environment and provide equal access for Chinese investors, state media reported. Beijing will encourage Chinese businesses to expand globally over the next five years while working to attract more foreign investment, Chen told business leaders at the China Development Forum, the Xinhua News agency said. "In 2010, China's outbound direct investment hit $59 billion, which equals to 60 percent of the foreign direct investment in China. In the next five to 10 years, China will gradually strike a balance on the capital flow," he said. China's investment abroad in non-financial sectors hit a record in 2010, rising 36.3 percent on year, as the country pumped more money into overseas energy, mining and agricultural projects. However, recent obstacles encountered by Ch...

Full article: http://www.channelnewsasia.com/stories/afp_asiapacific_bu...

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