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More domestic enterprises are inclined to build factories in foreign countries, with more than 6,000 overseas firms built in more than 160 countries so far, eastday.com reported today.
Chinese enterprises began their overseas investment at the beginning of 1999,and it has reached more than US$10billion to date,with the investment regions including to Europe,America,Asia and Africa.The overseas investment so far covers trade,processing,transportation,medical,tourist and consulting sectors.
More domestic producers have become more focused on global strategy and tapping the international market,said a market analyst.
China is suffering from resource shortage and product excessiveness,and tapping into the international market is a good way to solve the problem,said the analyst.The growing reputation of domestic firms has paved the way for them to make global expansion,he said.The overseas investment not only created opportunities for domestic firms,but also created more jobs in overseas countries,he added.
(eastday.com April 28, 2002)
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