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Overseas investments by Chinese firms leapfrog
31
Mar '11
Foreign Direct Investment (FDI) by Chinese companies in overseas markets has shown great improvement over the years and the average annual growth rate has now risen by around 70 percent.

At present, China invests around US $40 billion annually in foreign countries. In 2003, this figure stood at just $2.8 billion.

In recent years, China has become a leading force in merger and acquisitions in the world next only to the United States too. In the first half of 2010, China ranked second in the world after United States in acquiring foreign companies.

In last few years, Chinese companies have gradually changed their status from being acquired to acquirer of assets. As per a report by well-known consultancy Accenture, in the period between January 2008 and June 2010, Chinese enterprises stuck 120 overseas M&A transactions, involving more than 600 billion Yuan.

China's Ministry of Commerce recently released data regarding China's foreign investment, reveals that till date, Chinese firms have invested in 13,000 enterprises in 177 countries at a total investment of US $245.75 billion.


Fibre2fashion News Desk


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