Chinese cos arise as popular investors on global market

FE Team | Published: September 11, 2007 00:00:00 | Updated: February 01, 2018 00:00:00

XIAMEN, Fujian, Sept 10 (CEIS): Chinese companies, long-time recipients of foreign investment, have started to export funds and technologies amid global rising demand for economic cooperation partners.
More than 50 China-funded firms are doing businesses involving industry, consumer goods and logistics in the US State of Illinois, while 10 years ago there was none, said Norman L Li, managing director of the state's Far East Bureau.
Chinese companies, particularly those specialising in construction, electronics and bio-technologies are warmly welcomed to invest in Illinois, the United States' fifth largest state and the hub of manufacturing, trade and transportation, said Li at his booth in the exhibition hall of the ongoing China International Fair for Investment and Trade, held in this coastal city of east China's Fujian Province.
He said Chinese entrepreneurs are hardworking and flexible, which led to high corporate efficiency. Moreover, Chinese products are of good quality and competitive in prices.
"China will become a major source of global investment sooner or later, although it is still young compared with Britain and Japan-the top two investors in Illinois," Li said.
Many famous Chinese companies, including COSCO, Haier, Huawei, and Baosteel, have introduced capital, technologies or administrative methods to Italy, according to Barbara Gasperi, trade officer of the Italian Trade Commission ICE.
Busy answering questions from delegates of Chinese companies at the fair, Gasperi said she really hoped that more Chinese investors build up confidence in the business prospect in Italy - - a Mediterranean country with geographically strategic significance.
Claiming that Chinese investors are "innovative" and "getting increasingly popular in the world capital market", the Italian officer said China, which is developing fast in a peaceful way, will always benefit the world economy.
Companies and organisations from 65 countries and regions, including Canada, Germany, Turkey and Thailand, among others, are promoting investment environment and projects to numerous Chinese participants to the annual fair, which was launched 11 years ago as a platform to facilitate international economic and trade cooperation.