三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

China's foreign investment changes lanes

Xinhua | Updated: 2017-08-23 11:21

BEIJING - After a series of eyebrow raising megadeals in recent years, a number high-profile but less controversial Chinese deals are now grabbing the limelight, including Sanyuan and Fosun's takeover of St-Hubert; Fosun and Nanjing Nangang's stakes in Koller; and Hytera's acquisition of Norsat.

These new deals show the country's foreign investment is stepping out of the fast lane into one focused on sensible investment and quality growth.

A report by accounting firm PwC showed that foreign mergers, and acquisitions by Chinese investors in 2016 more than tripled from the previous year. Much of this involved an increase irrational phenomena and even the suspected transfer of assets, but things are now changing.

Since late 2016, government agencies have been reinforcing inspections on authenticity and regulation compliance of outbound investment in a bid to improve returns and control risk.

In the latest efforts, authorities decided to limit overseas investments by domestic companies in several fields, including real estate and sports clubs, while encouraging them to invest in infrastructure and new technology.

The new measures have proven effective.

In the first seven months of 2017, China's non-financial outbound direct investment (ODI) dropped 44.3 percent year on year to $57.2 billion, official data showed.

Outbound investment in real estate, culture, sports and entertainment sectors saw substantial declines during the period, the Ministry of Commerce said.

Meanwhile, involvement in billion-dollar-projects has decreased significantly, with the majority of the deals announced this year worth less than $1 billion.

Fosun's chair Guo Guangchang said the most serious headache for his company in foreign investment used to be big-spending Chinese rivals whose bids were hard to understand. He believes such squandering will diminish as authorities tighten supervision.

Another positive trend is investors increasingly focusing on high technology, structural upgrading and capacity cooperation.

Nanjing Nangang's stake in Koller, for example, eyes the German company's lightweight technology, which could effectively decrease energy consumption and promote sustainable development.

"Koller's expertise in providing lightweight solutions is in line with the company's transformation direction," said Huang Yixing, chairman of Nanjing Nangang.

"Strategic cross-border mergers, especially those associated with industrial upgrading and the Belt and Road Initiative, will take the lion' s share of the country's overseas mergers this year," said Li Ming at PwC.

Last but not least, while many investment bets are overseas, they actually eye domestic markets.

Guo expects that more Chinese companies will integrate global resources through overseas investment and mergers to develop themselves, pointing to Sanyuan and Fosun's plan to buy French margarine maker St-Hubert as a case in point.

The proposed acquisition will introduce healthy foods into China and is aligned with the government's policy to support and drive technological innovation, Guo said.

Authorities will roll out a negative list for programs that forbid and limit foreign investments and facilitate the implementation of those where the government wants to encourage foreign companies to invest, said Huo Jianguo, vice chairman of the China Society for WTO studies.

The State Council last Wednesday made public a series of measures that ensured the steady growth of foreign investment.

China should make its foreign investment environment "more law-based, international and convenient" to increase growth and raise the quality of foreign investment, according to a document by the State Council.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 久久在线一区 | 精品日韩欧美一区二区三区在线播放 | 亚洲在线视频免费观看 | 一级中文字幕 | 日韩欧一级毛片在线播无遮挡 | 日本无卡无吗中文免费 | 久久久国产精品视频 | 精品视频麻豆入口 | 亚洲国产精品成人午夜在线观看 | 成人在线免费网站 | 日本 国产 欧美 | 黄色大片国产 | 国产区香蕉精品系列在线观看不卡 | 高清不卡日本v在线二区 | 老司机成人午夜精品福利视频 | 一级毛片黄 | 一区二区在线观看高清 | 自拍 第一页 | 日韩字幕无线乱码 | 可以在线看黄的网站 | 99热自拍| 中国日韩欧美中文日韩欧美色 | 嗯 用劲 好爽 好深 免费视频 | 欧美特级限制片高清 | 欧美一区二三区 | 成人最新午夜免费视频 | 亚洲国产精品日韩高清秒播 | 不卡中文一二三区 | 成年人视频免费看 | 亚洲性69影院在线观看 | 亚欧洲精品在线视频免费观看 | 亚洲精品综合网在线8050影院 | 美女黄视频大全 | 网红主播大秀一区二区 | 香蕉视频国产精品 | 亚洲精品国产精品国自产 | 日韩黄色录像 | 亚洲久久久久 | 特级片在线观看 | 欧美在线观看一区 | 老司机日日摸夜夜摸精品影院 |