China’s foreign direct investment has quadrupled, hitting USD19.34 bn in the first quarter, compared to USD18.76 bn for the whole of 2007.
By the end of last year China has reportedly netted over 12,000
companies in 172 countries, since it first launched its
“going-beyond-the-border” strategy in 1999. The country currently has a
total of 53 per cent FDI in Asia and 37 percent in Latin America.
Media reports that the Chinese government, in support of outbound
investment, has offered its help by getting rid of needless controls on
foreign exchange reserves and abridging administrative procedures.
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