In 2013, MOFCOM pushed on to perfect “going global” promotion system, service guarantee system and risk control system, take positive measures to thoroughly carry out “going global” strategy and push the rapid and sound development in overseas investment and cooperation business.

I. Business development in “going global” enjoyed good momentum.

(1) Double digit growth in China’s foreign direct investment

The rapid growth of overseas investment has played a more and more important role in promoting China’s industrial upgrading and structural adjustment. From January to October 2013, China’s non-financial foreign direct investment (FDI) increased by 19.5% on a year-on-year basis to USD69.52 billion. As at the end of October, accumulated non-financial FDI reached USD505 billion. In terms of investment destination, Except that the investment in Asia dropped by 5.2%, investment in other regions surged; among others, investment in Europe and North America rose by 218.4% and 135.2% respectively. In terms of industrial breakdown, nearly 90% of the investment flowed into five industries of business service industry, mining industry, wholesale & retailing industry, manufacturing industry and construction industry.

As at the end of October, 16 overseas economic and trade cooperation areas (OETCA) in 13 countries have been established by Chinese enterprises. The actual input for OETCA construction was USD4.4 billion and 390 enterprises entered OETC according to agreements, with an accumulated value of USD12.9 billion. Cooperation areas covered light textile industry, home appliances, steel, construction materials, chemical products, machinery and other industries. It has become an important platform for the cluster-type development of China’s middle and small-sized enterprises overseas as well as a platform for China to transfer surplus production capacity.
　　
(II) Improvement of size and quality of China’s contracted projects overseas at the same time

Contracted projects overseas have speeded up to transform from its dependence on scale expansion and cost & price advantages to its quality and efficiency improvement and comprehensive competitive advantages. From January to October, China’s contracted projects overseas and the value of newly signed contracts respectively went up by 11.8% year on year and 12.3% year on year to USD97.33 billion and USD124.61 billion. The number of projects with a contracted value above USD100 million were 262, 61 more than that of the same period in last year. As at the end of October, the total contract value of China’s contracted projects overseas amounted to USD1.12 trillion, with a turnover of USD752.9 billion. China’s contracted projects overseas covered a wide range of areas and its advantages in transportation, building construction, communication engineering construction and power project construction were prominent. Besides, we also made good achievements in new energy and high-speed railways.

(III) Steady and sound development in labor service cooperation overseas

From January to October, labor service personnel dispatched overseas reached 388,000, an increase of 35,000 over the same period of 2012. As at the end of October, labor service personnel overseas were 903,000, a growth of 23,000 over the same period of last year. As at the end of October, all labors sent overseas totaled 6,780,000.
　　
(IV) Higher growth rate of China’s overseas investment by local enterprises (including private enterprises) than the national average

In January-October, China’s non-financial overseas direct investment by local enterprises reached to USD24.33 billion, accounting for 35% of the national total, an increase of 23.4% year on year, and 3.9% higher than that of the national growth. The total turnover of contracted projects overseas by local enterprises reached USD69.9 billion, rising by 13.5% year on year, 1.7% higher than that of the national average; the value of newly signed contracts by local enterprises came to USD82.96 billion, growing by 27.7% year on year, 15.4% higher than that of the national growth.
　
II. Construction of a “going global” management system accelerated.

(I) Perfect management system. Based on studies of overseas investment management reform plan, we will further simplify the procedures and optimize the process. We will guide Shanghai to map out the administrative measures for business development with overseas investment in Shanghai Pilot Free Trade Zone. We will publicize and carry out the Management Regulations on Foreign Labor Service Cooperation, draw up supportive files and build an information management system for labor service personnel dispatched overseas.

(II) Strengthen service and guidance. We will update the Guide for Overseas Investment by Country (Region), compile China Overseas Investment and Cooperation Development Report 2013, and release a Guide for Construction of Association of Overseas Chinese-funded Enterprises so as to provide information service and policy guidance for the “going global” of Chinese enterprises.

(III) Strengthen overseas risk prevention and control. We will print and distribute Rules on Handling of Overseas Security Emergencies in Overseas Investment and Cooperation, strengthen the monitoring on security situation in some key places and issue Overseas Risk Early Warning of the Ministry of Commerce of Overseas Investment and Cooperation, No.64. We will organize to carry on special actions to inspect and check the safety production on overseas China-funded enterprises and to supervise the safety production by commercial authorities.

(IV) Guide the enterprises to strengthen self-improvement. We will work out Rules on Competition Behavior in Overseas Investment and Cooperation and Trial Measures on Bad Credit Record in Overseas Investment and Cooperation & Foreign Trade, release Guidelines on Environment Protection in Overseas Investment and Cooperation and Handbook for Persons Abroad Engaging in Overseas Investment and Cooperation, and require the enterprises to operate according to laws and regulations, protect environment and resources, improve the sense of cooperation and promote closer integration with local economy.

(All information published on this website is authentic in Chinese. English is provided for reference only.)