China's non-financial ODI to reach 48 bln USD in 2010
"Overseas direct investment (ODI) from China's non-financial sectors may reach 48 billion U.S
. dollars in 2010, hitting a new high." Resources,energy, high-tech and advanced manufacturing sectors would still be Chinese companies' major orientations, said Zhang Xiaoqiang, vice minister ofthe National Development and Reform Commission (NDRC) on January 17, 2010. "China is experiencing rapid development in industrialization and urbanization, which will have increasing demand for energy resources in the next few years. Meanwhile, with the deepening adjustment in global industrial structure, advanced manufacturing will bring up more and more investment opportunities." Zhang said. According to the statistics from China's Ministry of Commerce, the country's non-financial ODI accumulated to 43.3 billion U.S. dollars in the year-around of 2009, an increase of 6.5 percent year-on-year, recording a new high. Overseas mergers and acquisitions (M&A) has become the dominating mode for China's overseas investment. Zhang said that overseas acquisition accounted for around 61 percent of Chinese ODI, surging by 36 percentage points in comparison with 2008. At present, state-owned or state-holding enterprises take up the most in China's outbound investment. However, with the improvement of the market economy system, private companies have become more powerful and are investing more overseas. The investment subjects of China's ODI would be further diversified in 2010, Zhang noted. "China is experiencing rapid development in industrialization and urbanization, which will have increasing demand for energy resources in the next few years. Meanwhile, with the deepening adjustment in global industrial structure, advanced manufacturing will bring up more and more investment opportunities." Zhang said. According to the statistics from China's Ministry of Commerce, the country's non-financial ODI accumulated to 43.3 billion U.S. dollars in the year-around of 2009, an increase of 6.5 percent year-on-year, recording a new high. Overseas mergers and acquisitions (M&A) has become the dominating mode for China's overseas investment. Zhang said that overseas acquisition accounted for around 61 percent of Chinese ODI, surging by 36 percentage points in comparison with 2008. At present, state-owned or state-holding enterprises take up the most in China's outbound investment. However, with the improvement of the market economy system, private companies have become more powerful and are investing more overseas. The investment subjects of China's ODI would be further diversified in 2010, Zhang noted.China's non-financial ODI to reach 48 bln USD in 2010
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