Returns rising from man­u­fac­tur­ing ODI

China Daily (Canada) - - NEWS CAPSULE -

Returns earned by Chi­nese com­pa­nies from in­vest­ments in over­seas man­u­fac­tur­ing thisyear are es­ti­mated to have risen by 19.8 per­cent year-on-year, to $225 bil­lion, ac­cord­ing to a se­nior of­fi­cial.

Zhang Ji, the as­sis­tant min­is­ter of com­merce, said as more out­bound di­rect in­vest­ment has­flowed into man­u­fac­tur­ing sec­tors, such as au­to­mo­biles, ce­ment and cloth­ing, com­pa­nieshave found new growth points and built in­dus­trial chains.

“Their in­vest­ment can ef­fec­tively drive trade growth,” Zhang said at an eco­nomic fo­rum heldby the China Cen­ter for In­ter­na­tional Eco­nomic Ex­changes. “We’ve al­sodis­cov­ered an al­ter­na­tive benefit: Part of the coun­try’s gross do­mes­tic prod­uct has been­trans­formed into gross na­tional prod­uct.”

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