BEIJING, Aug. 24 (Xinhua) -- The National Development and Reform Commission, Ministry of Commerce, People’s Bank of China and Ministry of Foreign Affairs have released a guideline for standardizing outbound investment and promoting sustained, rational, orderly and sound development of outbound investment.
According to a report released on www.gov.cn, the guideline notes that Chinese enterprises are faced with many risks and challenges in making outbound investments besides numerous opportunities amidst the continuously evolving international and domestic dynamics. With focus on supply-side structural reforms under the Belt and Road initiative, the guideline calls for promoting enterprises to make rational and orderly outbound investment, so as to boost the healthy development of outbound investment.
According to the guideline, firstly, the country will press ahead with outbound infrastructural investment under the Belt and Road Initiative and realize interconnection of surrounding infrastructures. Secondly, it will stabilize outbound investment to drive the export of superior industrial capacity, high-quality equipment and technical standards. Thirdly, China will enhance investment cooperation with overseas high-tech enterprises and leading manufacturers. Fourthly, Chinese enterprises will participate in overseas energy and resource exploration and development after evaluating economic benefits. Fifthly, the country will expand foreign agricultural cooperation and advance outbound investment in services. (Edited by Ma Xin, maxin11@xinhua.org)
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