New Chinese mantra: go global, boost investment

March 5th, 2012 - 8:03 pm ICT by IANS  

Beijing, March 5 (IANS) China will implement the “go global” strategy this year and curbs on overseas investments will be relaxed, Prime Minister Wen Jiabao said Monday.

“With China’s outward investment in an important stage of accelerating development, we will enhance macro-guidance, increase policy support, streamline approval procedures, and improve services for Chinese investors,” Wen said while delivering the government work report at the fifth session of the 11th National People’s Congress here.

Wen said China will guide its enterprises under various forms of ownership in making overseas investments, mergers and acquisitions in an orderly manner.

China will explore new models for overseas economic and trade cooperation zones, and support companies making overseas investments, China Daily quoted Wen as saying.

He stressed that restrictions on individuals investing overseas in energy agriculture, manufacturing, service industries and infrastructure will be relaxed.

Wen said China will strengthen risk management of overseas investments and protect the safety of employees and assets of Chinese enterprises operating overseas.

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