Source: China.org.cn 2013/10/21China
Council for the Promotion of International Trade (CCPIT) released a Report on the Survey Concerning Outbound Investment by Chinese Businesses in
SOEs become the main player of outbound Chinese investment
The report shows that 45% of the SOEs on which the survey has been conducted have invested overseas, and the proportion for private businesses is 29%. In terms of the scale of outbound investment, by the end of 2012, over 50% of private businesses had an investment of US$100,000 to US$5 million, while that of most SOEs was between US$1 million to US$50 million.
There are over 70 private businesses whose outbound investment ranges between US$5 million to US$100 million, making up 27% of the total number, while the figure for SOEs is 28, making up 43.75% of the total. Around 13 private enterprises have an outbound investment of over US$100 million, making up 5% of the total number, and that of SOEs is 7, making up 11%. Among the businesses surveyed only one has an outbound investment of over US$2.5 billion, which is a SOE. All these figures show that the total investment of SOEs is bigger than that of private ones both in terms of the absolute figure and the average volume.
Chinese businesses are showing more interest in the markets of
In terms of the investment destination, 333 businesses have invested in altogether 77 countries and regions, among which the EU and US take a big proportion, attracting nearly 31% of the businesses, and that for Hong Kong, Japan, Australia, India, Vietnam, Singapore, Canada and Indonesia is 7%, 4%, 4%, 3%, 3%, 3%, 3% and 2% respectively. The other countries as a whole attract 40% of the businesses.
As for geographical distribution, Chinese businesses mainly choose to invest in East Asia and Southeast Asia (29%),
In terms of the sectors Chinese businesses choose to invest in various regions, they mainly invest in the mining sector in Latin America, Oceania, Central Asia and West Asia, while manufacturing and trade take the main part of their investment in other regions including North America, the EU, South Asia, Central Asia and
In East Asia and Southeast Asia, their investment in manufacturing and trade is far ahead of other sectors, which might be related to the fast progress of China-ASEAN FTA and transferring of Chinese low-end manufacturing industry to
In North America, the EU and
Although a lot of media are hyping that