Eric Zhang, the general manager of China's largest air conditioner maker Zhuhai Gree Electric Appliances Inc in Brazil is not worried about customer numbers.
One way to better understand the changes that have taken place in China as a result of its joining the World Trade Organization in 2001 is to take a look at its banking industry over the past decade.
In spite of the global economic crisis, China's investment overseas has had an upward trend, so that by now this investment and cooperation, along with foreign trade are an important part of its opening-up.
China's Ministry of Commerce and Xinhua News Agency on Thursday jointly selected the country's top 10 news events related to China's entry to the World Trade Organization (WTO) to commemorate the 10th anniversary of the accession.
China's rising demand for energy to support its strong economic growth, coupled with the desire of domestic companies to grow into recognized multinational enterprises, is expected to trigger a new wave of overseas expansion.
Surging rare earth prices have attracted Chinese private enterprises to enter the field, but limited mining lease licenses forces them to seek opportunities abroad, China Business News reported.
Overseas investment by enterprises in south Hainan Province has totaled $400 million in the first seven months of this year, sources with the provincial Department of Commerce said Sunday.
China's offshore financial assets rose 7 percent in the year to March to $4.4 trillion, primarily propelled by rising foreign-exchange reserves.
China climbed up the world rankings to fifth-largest outbound direct investor last year, the UNCTAD and economists said.
Of the 1,024 companies surveyed, about 88 percent said they want to boost investment overseas over the next two to five years, a sharp rise from a year earlier when 61 percent of the firms surveyed said they planned to expand investment.
China National Cereals, Oils and Foodstuffs Corporation (COFCO), the country's largest oils and food trader, plans to aggressively expand its vineyard ownership overseas on the heels of two recent purchases, senior company officials said.
Several companies from Iran at the second China-Arab/Africa Medium and Small Businesses Cooperation Forum agreed to import and export goods from China while visiting the enterprises in Weifang of East China's Shandong province Tuesday.
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