Returns rising from manufacturing ODI
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.”