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Companies explore investment opportunities at 8th China Overseas Investment Fair

Reporter: Michelle Van den Bergh 丨 CCTV.com

10-20-2016 16:33 BJT

The 8th China Overseas Investment Fair is being held in today in Beijing. More than 1000 companies from over 100 countries are attending the expo to explore investment opportunities.

Chinese companies going global is now the new normal. But what's changing is that, Chinese companies are no longer expanding overseas just to acquire natural resources and access advanced technologies. They are also bringing their industrial expertise to more developed countries.

Li Guolin, executive chairman of ChinaCable Chamber of Commerce, says companies are now using their own technologies to set up factories abroad.

"Why are Chinese companies going abroad? For many big companies, they have dozens of factories overseas," he said.

"They used to bring advanced technology from more developed countries into China. Now they are bringing our techology which is much more developed to other countries to improve the productivity there."

Chinese companies are now major investment sources for many countries. They not only explore the local resources but also build manufacturing units locally and employ local talents. Many countries have came up with incentives to attract more Chinese companies.



 

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