BEIJING, Apr.6 (Xinhua) - China's central state-owned enterprises (SOE) shall direct cross-border investment at the elementary stage of international production capacity cooperation, reckoned Xu Weihong, chief economist of AVIC Securities.
Xu said that cross-border investment by Chinese private enterprises in related industry chains could thus be brought up.
Currently, central SOEs boast production capacity and technological advantages in technology facilities, warehouse logistics, and equipment manufacturing as well as experience in international practices.
Meanwhile, their business basis and capital abundance are more acceptable in global financial markets and stronger risk resistance is more suitable for being the pioneers and mainstream investors at the early stage of international production capacity cooperation. (Edited by Duan Jing, duanjing@xinhua.org)
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