From Chinese media

China to spur overseas investment

Updated: 2011-01-28 14:00

By Yu Hongyan (

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The Chinese central government plans to place special emphasis on domestic firms' outbound investment, and vows to buy more from overseas countries, as well as boost its domestic consumption from 2011, reported Friday, citing the country's minister of commerce.

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Ten years after its entry into the World Trade Organization, China promises to be more open in the future, Chen Deming told a conference at the annual World Economic Forum in Davos, Switzerland.

The Chinese economy will keep growing at a rate above 8 percent each year, Chen said.

In the past ten years, the Chinese market had been expanding at annual rate of 15 percent, and the pace of growth is expected to continue, according to Chen.

If so, China's imports are set to surpass the world's current trade volume in 10 years' time, Chen said.

Chen also invites the world to share in the development and prosperity of the massive Chinese market, with a population of 1.3 or even 1.4 billion at that time.


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