Economy

Beijing fair to encourage investors to go abroad

(Xinhua)
Updated: 2011-02-23 16:24

BEIJING - China will hold a trade fair this year to encourage investors to go abroad, said an official with the China Industrial Overseas Development and Planning Association (CIODPA) Wednesday.

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The Third China Overseas Investment Fair, approved by the National Development and Reform Commission, would be held in Beijing on November 8 and 9, said Fan Chunyong, vice chairman of the CIODPA, which is organizing the event.

The fair would offer around 10,000 investment opportunities abroad, Fan said.

Representatives of multinational companies, overseas financial institutions and enterprises that carry out investment projects would be invited, he said.

About 10,000 Chinese enterprises, including centrally administered enterprises, private enterprises and listed companies, would also attend the fair.

Fan said the fair would focus on helping participants to gain understanding and build mutual trust through activities such as high-end meetings, theme lunches and investors clubs.

He said China's outbound direct investment in non-financial sectors, which rose 36.3 percent to 59 billion dollars last year, was playing an increasingly important role in the international direct investment sector.

More Chinese enterprises would join multinational corporations over the course of the country's next Five-Year Program (2011-2015) period, he said.