CIFIT to stress outbound investment

The 17th China International Fair for Investment and Trade will focus more on China’s outbound investments.

Fang Wei, deputy head of the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce, made the remarks during the fair’s Beijing promotional symposium on April 24.

CIFIT, which will be in Xiamen, Fujian province, from Sept 8 to 11, has become a bridge for Chinese enterprises to tap global markets, and active Chinese outbound investment is an important boost to the sluggish world economy, Fang said.?

The ministry will further perfect the mechanism for China’s outbound investment and build up the policy and service supportive system, Fang said. Meanwhile, the ministry will strengthen Chinese companies’ risk control and CSR in host countries so as to develop a “more favorable investment environment at home and abroad”, Fang said.

China’s nonfinancial outbound direct investment surged 44 percent year-on-year in the first quarter of this year to $23.8 billion after a 28.6 percent growth in 2012, according to the ministry.