1. Text: | Print|

      China's foreign trade offers new dividends, boosts overseas investment

      2014-01-17 08:01 Xinhua Web Editor: qindexing
      1

      Taking the crown from the United States as the world's largest commodity trading nation is inspiring news for China at the start of 2014.

      In the eyes of domestic and overseas observers, China's foreign trade hitting another record high proves it has been constantly opening up to the outside, which not only boosts its investment abroad, but brings about more dividends and opportunities for world development.

      According to official figures disclosed on Jan. 10 by the General Administration of Customs, China's exports and imports totalled 4.16 trillion U.S. dollars, and the trade surplus for 2013 reached 259.75 billion dollars, marking an increase of 12.8 percent year-on-year.

      This was another major milestone for China, after it became the world's No.1 exporter back in 2009.

      Behind the impressive figures, the structure and landscape of China's foreign trade are changing. Seeking to upgrade trade is an important step towards strengthening China's opening up effort.

      A central economic working conference in mid-December last year laid out the agenda for foreign trade development in 2014. It emphasized the need to create comparative advantages and competitiveness in exports and to enlarge imports of equipment and technologies that facilitate domestic economic restructuring.

      Observers say steady growth of foreign trade provides strong support for China's robust increase in foreign investment, and pushes Chinese enterprises to move up the value chain in the global market.

      Bai Ming, a research fellow with the Chinese Ministry of Commerce, said more countries hoped to attract Chinese investment to bolster their own economies, as China had solid capital strength and Chinese companies continued to update their technologies.

      The Ministry of Commerce statistics evidenced the trend. In the first 10 months of 2013, China's non-financial FDI (foreign direct investment) rose one fifth. For 2012, China's FDI increased 17.6 percent to a record 87.8 billion dollars, making it the third biggest source of FDI following the U.S. and Japan.

      In the meantime, Chinese private enterprises were involved in a wave of overseas mergers and acquisitions last year in real estate, food and other services, including Fosun International's buyout of One Chase Manhattan Plaza, Shuanghui's acquisition of Smithfield Foods and Yashili's dairy investment in New Zealand.

      At the beginning of 2014, a report from Rhodium Group (RHG) again put "Chinese investment" in the limelight, claiming China's investment in the United States doubled in 2013 to 14 billion dollars, its highest level in history.

      Deloitte, one of accounting's Big Four, has forecast China's overseas takeover will reach double-digit growth in the next 12 months, propelled by both strengthening confidence and resources demand.

      In addition, foreign investment by Chinese enterprises also gives a boost to local employment and economic growth, opening a win-win situation for both parties.

      According to the RHG report, Chinese corporations have now become a big employer of Americans. By the end of 2013, Chinese companies have created more than 70,000 full-time jobs in the United States, an eightfold increase from 2007.

      The continuously expanding investment, stimulated by active trade activity, will benefit countries that maintain close ties with China. And the world's major developed economies could also take a piece of the pie.

      Comments (0)
      Most popular in 24h
        Archived Content
      Media partners:

      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.

      主站蜘蛛池模板: 久久青草精品38国产免费| 国产精品亚洲综合| 亚洲天堂男人天堂| 亚洲αv在线精品糸列| 国产亚洲综合一区柠檬导航| 国产亚洲精品成人AA片新蒲金| 久久久久亚洲精品中文字幕| 久久精品亚洲乱码伦伦中文| 亚洲一区二区三区自拍公司| 亚洲综合色婷婷七月丁香| 亚洲精品成人片在线观看精品字幕| 久久亚洲中文字幕精品一区| 国产亚洲精品AA片在线观看不加载| 中文字幕亚洲第一| 亚洲成AV人片在线观看WWW| 国产av无码专区亚洲av桃花庵| 久久亚洲精品中文字幕无码| 91亚洲国产成人久久精品网站| 亚洲国产美女精品久久久久| 久久综合久久综合亚洲| 蜜桃传媒一区二区亚洲AV| 特级毛片免费播放| 久久久国产精品福利免费| 精品熟女少妇av免费久久| 99在线精品免费视频九九视| 四虎免费在线观看| 亚洲女同成人AⅤ人片在线观看| 亚洲欭美日韩颜射在线二| 99久久亚洲精品无码毛片| 亚洲国产日韩精品| 大片免费观看92在线视频线视频| 视频免费在线观看| 波多野结衣中文字幕免费视频 | v片免费在线观看| 国产一级片免费看| 亚洲国产精品免费观看| 四虎永久免费地址在线观看| 国产亚洲一区二区精品| 亚洲欧洲日韩国产一区二区三区| 特级毛片免费播放| 亚洲最大免费视频网|