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With outstanding economic growth rates for
the past three decades, mainly due to external demand, China has
positioned itself at the core of the globalization process and
kept the strong momentum of its outbound investment on the overseas
market.
Africa has become a new focus for Chinese investors. In recent
years, promoted by Chinese government and African governments
and through the joint effort of Chinese and African enterprises,
the trade cooperation between China and Africa develops fast,
achieving outstanding results: since bilateral
trade volume between China and Africa exceeded 10 billion US dollars
in 2000 the annual growth rate has been around 30% reaching 73.3
billion in 2007 as confirmed during the "African
Countries Investment Seminar".
The 12th China International Fair of Investment and Trade attacted
Indeed, the first half of 2008 already saw the volume reaching
53.1 billion. Moreover, Chinese companies have been very proactive
in investing in African countries with 305 million US dollars
DIRECT investments being materialized within the first 6 months
of this year in projects ranging from agriculture to health care,
industrial and tourism as well.
One of the key instrument of facilitating Chinese investment
in Africa was the creation of China-Africa
Development Fund(CAD Fund). The CAD Fund was announced by
President Hu Jintao at the Beijing Submit of the Forum on China-Africa
Cooperation in Nov., 2006, and is an equity investment fund established
to support Chinese enterprises to undertake their cooperation
with and expand their investment in African countries. The fund
size will reach USD5b gradually. The CAD Fund was approved to
open on Jun. 26, 2007 officially, and the first-stage capital
of USD1b is totally contributed by China Development Bank.
CAD Fund had meeting with Mozambique delegation regarding
cooperative relations
and investment on Sep 9, 2008 (From CAD Fund) |
Indeed, the first half of 2008 already saw the volume reaching
53.1 billion. Moreover, Chinese companies have been very proactive
in investing in African countries with 305 million US dollars
DIRECT investments being materialized within the first 6 months
of this year in projects ranging from agriculture to health care,
industrial and tourism as well.
Latin America is another destination for Chinese investors. Bilateral
relations between China and Latin America have achieved unprecedented
development since 1980s. In 2007, China¡¯s non-financial direct
investment in Latin America was 1.89 billion US dollars. Over
400 Chinese companies are now registered in Latin America. They
are mainly running well and operating in energy, agriculture,
infrastructure and telecommunications sectors. In the first two
months of 2008, China-Latin America trade continued to grow at
a rate of 50%.
In addition, Chinese investment spread through 90 percent of the
Asian market and 81 percent of the African market such by the
end of 2007. The US, Russia, Viet Nam, Japan, Germany, United
Arab Emirates, Australia and Singapore are also major homes to
Chinese funded enterprises.
According to the Chinese Ministry' of Commerce, China
made 26.51 billion USD of direct investment on the overseas market
in 2007, which represented a growth of 25.3 percent over 2006.
By the end of 2007, some 7,000 Chinese entities had set up more
than 10,000 enterprises in 173 countries and regions around the
world. That leads to 117.91 billion USD of stock of China's outbound
investment. Indeed, China enters a new stage for overseas investment
and is emerging as an economic powerhouse throughout the world.
 For further information on business
facilitating service of business marketing and target promotion,
or any investment promotion agencies and other organisations that
wish to benefit from this unique campaign please contact the London
office of
China Business Network on:
TEL: +44 207 5363 888¡¡FAX: +44 207 9873 888¡¡Email: invest@Chinabn.org
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