Chinese overseas investment to help global economic recovery

The growing importance of Chinese overseas investment will be a major catalyst in the future global economic recovery. It will contribute significantly towards assisting the economies of developing countries recover from the financial crisis.

The key factor will be outbound investment from China in overseas markets which has grown significantly recently in recent years, while investments from traditional big investment generating countries, which include the United States and the European countries, has slowed down.

China is stepping up her overseas investment effort, notwithstanding the current economic recession, said Deputy Director General of the Board of Investment of Sri Lanka A.M.C. Kulasekara. He was addressing an Investment Forum held in Beijing, China recently.

The Board of Investment of Sri Lanka together with the Sri Lanka Embassy in Beijing organized an Investment Forum and an Exhibition Booth at the First China Overseas Investment Fair that was held at the China World Trade Centre in Beijing.

The First China Overseas Investment Fair was sponsored and directed by the National Development and Reform Commission and hosted by the First China Industrial Overseas Development and Planning Association.

This event was fully endorsed by the Chinese Government with the objective of encouraging Chinese nationals and private companies to Go Global.

Over 2,000 Investment Promotion Agencies from China and other countries, International and regional economic organizations, Foreign Chambers of Commerce and associations, leading Investment Banks, Financial Institutions, service agencies such as accounting and law firms and Fortune 500 Companies, Leading Chinese State and private sector enterprises and diplomatic missions representing over 120 countries participated.

Many had Exhibition Booths at the China Overseas Investment Fair to create awareness about the opportunities they offer investors as well as incentives and investment policies.

One of the 20 countries that organized a forum was Sri Lanka whose theme was create a win-win situation and promote China Overseas Investment Cooperation. The Sri Lanka Investment Forum’s session hosted over 125 Chinese Companies which was presided over by The Ambassador for Sri Lanka, Karunathilleke Amunugama.