MNI BRIEF: China Outward Investment Up In Jan Feb
MNI (BEIJING) - China’s overseas non-financial direct investment reached USD23 billion during January and February, a year-on-year increase of 9.1%, with Belt and Road destinations receiving USD5.50 billion, a year-on-year increase of 17.5%, He Yongqian, spokesperson for the Ministry of Commerce told reporters on Thursday.
Looking ahead, the ministry will support foreign-invested enterprises to participate in large-scale equipment renewal, consumer goods trade-in schemes and government procurement activities to ensure fair competition, He added.
China will continue to facilitate foreign institutional investors to enter its private equity and venture capital markets and further open up its interbank bond market in a bid to attract funds for key sectors and steadily strengthen the yuan's global role, a senior People's Bank of China official recently told MNI. (See: MNI INTERVIEW: China To Facilitate O/S Investors-PBOC Official)