Chinese enterprises have entered a "golden period" of overseas expansion, with investments increasing, and mergers and acquisitions on the rise, according to report released by a Beijing-based research institute.
Launching its findings in Stuttgart, Germany - one of China's key target markets for outbound investment - Du Liang, director of the China Entrepreneur Research Institute, said official figures show that from January to July this year, overseas investment by Chinese companies reached $42.2 billion, a 52.8 percent growth year-on-year.
He said that the Chinese government's favorable policies aimed at encouraging firms to expand internationally, the chronic European sovereignty debt crisis, and the appreciation of the Chinese currency have all combined in helping the boom in overseas expansion by Chinese businesses this year.
The latest Ministry of Commerce figures showed that Chinese investors have expanded their businesses into 2,407 companies in 117 countries and regions worldwide from January to July, as total outward outbound direct investment (excluding those in finance) hit $42.2 billion during this period.During the first half of the year, there were 117 merger and acquisition deals conducted by Chinese investors overseas, worth a total of $30 billion.
China Daily
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