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Overseas Investment Set for 'Golden Era'
2013-12-12
Brief:China's overseas investment will maintain robust growth in the coming year thanks to the central government's reform plans.The plan includes boosting private companies and enhancing overseas investment.
China's overseas investment will maintain robust growth in the coming year thanks to the central government's reform plans, officials said on Wednesday.

"The government's reform plans suggest that China will further open up the overseas investment of Chinese enterprises. Policies will be optimized, and support will be increased. It's certain that the robust trend of China's overseas investment will continue," said Zhang Wei, vice-chairman of the China Council for the Promotion of International Trade and the China Chamber of International Commerce.

China unveiled a comprehensive reform plan after the Third Plenum of the 18th Communist Party of China Central Committee in November. The plan includes boosting private companies and enhancing overseas investment.

"China's private enterprises will experience a 'golden era' for development as the government will emphasize a level playing field and the free flow of resources," Zhang said.

Except for particular industries such as national security and key resources, private companies will be allowed to enter all industries as long as they meet the market requirements. They will become a new pillar of the country's economic development alongside State-owned enterprises, Zhang said.

China Daily

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