BPOVIA Official Blog | About Virtual Assistant, Outsourcing, KPO, BPO and China » investment

Investment bank longing to exit CICC

Yvonne Dong — Fri, 06 Nov 2009 07:40:42 +0000

Morgan Stanley, global financial services giant, is still trying to sell its entire holdings in China International Capital Corp (CICC), the country’s first and most profitable investment bank, confirmed by both the US-based financial advisor and CICC on Nov. 4, 2009.

Citing people familiar with the situation, the report in the Wall Street Journal on Tuesday pointed that Morgan Stanley had asked potential buyers to submit indicative first-round bids for its 34.3 percent stake in CICC.

It reported the deal may obtain more than $1 billion.

Two people work for the US investment band and CICC, who both would like to keep anonymity, confirmed separately the news, saying that the CICC stake sale was a signal to Morgan Stanley setting up another local joint venture.

The Chinese government will not agree with the new joint venture, unless it sells the CICC stake, the sources added.

Morgan Stanley is going to form a joint venture securities firm with Shanghai-based China Fortune Securities Co, which it will have more management say.

Morgan Stanley was the first foreign investment bank who entered the country in the year 1995 when it invested $35 million in partnership with State-owned China Construction Bank to form CICC.

As one of the China’s biggest investment bank, CICC has specialized in clear up Stateowned firms in front of initial public offerings.

However, Morgan Stanley did not have much influence over CICC’s management led by Zhu Yunlai, the president of the enterprise, and had limited control to the operation of the brokerage during the past ten years.

The time that the US firm began to selling its stake was in 2007. Several international private-equity firms all included in the final bidders, such as Bain Capital, TPG and a consortium comprising General Atlantic, Starr International and JC Flowers.

However, early in the year 2008, this process came to an end after offers came in below expectations amid the onset of the global credit crisis.

The Financial Times reported, quoting people familiar with the situation, by the end of the first round, the original offer of more than $1 billion for the stake had dropped to around $600 million.
This followed a due-diligence process when bidders fond that the CICC management was unsatisfied with the current shareholding arrangement.

Under the structure, non-voting shares were allowed by the management which entitled them to paid dividends and could effectively dilute Morgan Stanley’s shareholding to around 27 percent.

But on Nov. 5, 2009, a source from CICC announced that this time around, it was very likely that Morgan Stanley is going sell its 34.3- percent stake for $1 billion since China’s booming stock market could propose considerable bargaining power on the seller’s side.

In 2007 the CICC’s net profit was 1.24 billion yuan, however, in the year 2008, the net profit dropped 49 percent to 627.4 million yuan. Net profit is expected to climb this year amid a rebound in China’s capital markets, one of the few bright spots worldwide. CICC has taken on little debt and has concentrated on fee income, leaving it with a strong balance sheet.

After inheriting the stake originally held by China Construction Bank, China’s sovereign wealth fund, China Investment Corp, became its largest shareholder with a 43.35- percent stake. Government of Singapore In vestment Corp, another sovereign wealth fund, holds a 7.35-percent stake.

Are you interested in the business opportunities in China?

China is one of the world’s great growth markets and is likely to be for many years to come. Foreign companies often face difficulties in assessing Chinese market demand and enacting effective strategies because of the language barriers, culture differences, and high expense.

BPOVIA is the leading virtual assistant and Knowledge process outsourcing (KPO) service provider in China. BPOVIA is the only virtual assistant company ever been nominated for the prestigious “Red Herring 100 Asia” Awards 2008. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.

Overseas investment helps world economy

Yvonne Dong — Thu, 05 Nov 2009 07:14:52 +0000

According to several speakers at the First China Overseas Investment Fair on November 4, 2009, China’s tremendous overseas investment helps the global economy, especially the economies of developing countries to recover from the world’s financial crisis.

Chinese officials pressed for foreign countries to create a convenient and fair environment to make it easier for Chinese investors to continue to invest.

Comparing with the traditional big spenders, including the United States and European countries, who slowed their outbound investment, investment from China in overseas markets has increasing remarkably recently.

Zhang Xiaoqiang, vice-director of the National Development and Reform Commission, said despite the world’s financial crisis, China was still raising its overseas efforts. Many of China’s companies were active investors.

China’s overseas direct investment rose 190 percent in the third quarter during the same period last year. According to the statistics from the Ministry of Commerce, the investment reached to $32.87 billion for the first nine months.

Zhang added that growth has been a blessing for many countries recently.

Jon Huntsman, the US ambassador to China had the same opinion. He said that China’s investment was significant in improving and stimulating the world economy.

The US has benefited from the investments of other nations, Huntsman added. Throughout the 2003-to-2008 period, countries invested over $325 billion in some 4,300 projects in the US.

China was one of the nations whose investment in the US is fastest-growing, said Huntsman, with an annual growth rate in investment amount of 30% in 2004-2008 periods.

Taffere Tesfachew, chief of the Office of the Secretary-General under the United Nations Conference on Trade and Development (UNCTAD) said that China is one of the leading nations in stimulating the revival of developing economies by way of investment.

The figures from UNCTAD shows that in the year 2008, investment flowing out of the US declined by 18 percent to $312 billion, meanwhile flowing from EU nations fall by 30 percent to $837 billion. However, emerging economies, especially China, increased overseas investment, Tesfachew said.

He also said that nations and regional areas would benefit a lot from it, Africa and Asia in particular.

Some small islands in Caribbean like Grenada have great sunshine to grow plants and many other advantageous sectors to tap, F. Marcelle Gairy, Grenada’s ambassador to China, said. China has good technology to achieve their dreams.

She added it was win-win investment.

Mifzal Ahmed, advisor on investments for the Maldives’ Ministry of Economic Development, said China’s technology was cheaper, innovative and very practical.

Although the UNCTAD predicts that the investment outflows from Asia will slow down its speed this year, the organization still believes this region will still excel the rest of the world.

Tesfachew said outflows from China and India were the most prominent.

Are you interested in the business opportunities in China?

Please visit http://www.BPOVIA.com/ for details about our service.

Overseas investment still ranked behind foreign direct investment

Yvonne Dong — Fri, 17 Jul 2009 09:42:21 +0000

Although there are more and more Chinese investing directly overseas, these investment are still very likely being less than foreign direct investment (FDI) this year, government officials and experts said on July 1.

Recently, foreign banks and other organization forecast that ODI (overseas direct investment) would exceed FDI. However, government officials suggested that it is unlikely to happen soon, especially this year. It is partly because Chinalco’s $19.5 billion didn’t succeed to save Rio Tinto last month, which is the world’s third largest mining enterprise.

Although Chinese National Petroleum Corp, working together with British energy giant BP, got the chance to develop Iraq’s biggest oilfield on Tuesday, it is still unlikely to raise dramatically ODI in 2009 because the past several months’ deals are made up of the large quantity of small volume.

A press conference in the morning of July 2 was hold by the Ministry of Commerce at the 13th China International Fair for Investment and Trade. ODI prospects are expected to be discussed at this fair.

“Although there are rising cases of ODI, the volume is still decreasing. This is because lots of cases are mall,” said Chen Rongkai, a division director at the Ministry of Commerce.

During January to March, ODI cases increase by 7% to 445, but the volume was down by a lot, said Caijing magazine. Ministry officials who did not reveal the figures told that to the magazine. We will soon see the first-half ODI.

The officials said the government would stage policies to stimulate ODI to seize the opportunities coming from the economic crisis.

In June, the government said it would cancel the curbs in foreign exchange from Aug 1 on companies that want to invest abroad with up to $30 billion expected to flow overseas.

In March, the commerce ministry said local governments had been increasing powers for supporting ODI.

“More measures will be carried out to encourage Chinese ODI,” Chen said.

Because of the financial crisis, many foreign companies want to sell assets and Chinese companies want to expand overseas. Many people forecast a increasing of ODI. They anticipated that it could even outpace the FDI, which has shrunk for 8 consecutive months. The trend would continue until early in 2010.

Standard Chartered Bank said in April that Chinese ODI could reach $150-180 billion this year, much larger than the FDI ($80-100).

Compared to last year, Chinese ODI almost doubled from 52.1 billion, while FDI was $92.4 billion.

Li Jianfeng, macro-economy analyst at Shanghai Securities, said: “ODI would not easily surpass FDI even though the FDI is not growing at present. ODI growth will be slow. ”

At the same time, protectionist and national security barriers will make it difficult for Chinese companies to plan large scale overseas investment, said industry insiders.

Li Jianfeng pointed out that ODI brings benefits to reduce the growing pressure of china due to the increasing foreign exchange reserves and to internationalize the yuan.

Are you interested in the business opportunities in China?

Please visit http://www.BPOVIA.com/ for details about our service.

Rail investment benefits from stimulus plan

Yvonne Dong — Fri, 10 Jul 2009 10:30:02 +0000

China’s rail users will be the biggest winners as the government’s detailed financial stimulus package come out. New high speed trains, a greatly expanded rail network and faster links between the country’s major cities, all now pulling out of the sidings, are racing towards completion.

China’s railway builders and train manufacturers, too, are celebrating their unexpected fruits following the government’s commitment to enlarge the rail infrastructure across the country. Companies in these sectors are expected to be the major beneﬁciaries of the 4 trillion yuan stimulus package lately announced by the government as its key policy in ensuring China’s economy continues to thrive, despite the situation of the global ﬁnancial downturn.

The ﬁrst fruits of this massive investment initiative might be the delivery of 100 new high-speed trains as part of a deal between the Beijing Railway Administration and China CNR Co Ltd.

Zhang Shuguang, chief of the transportation department of the Ministry of Railways, said these new trains, which have a cruising speed of 350km per hour but are capable to reach a top speed of over 400km per hour, represent an investment of 39.2 billion yuan. Zhang said they will be introduced on the Beijing-Shanghai line in 2011. According to Zhang, the ministry is already planning to invest in more China-made high-speed trains later in 2009, and will introduce them on a number of other lines across the country.

China has already earmarked 600 billion yuan for railway investment in 2009, a 100% increase versus 2008. Even this, though, is dwarfed by the 3.5 trillion yuan to be injected into the network over the next three years. This giant investment plan will see the country’s railway network expanded to 120,000km by 2020.

At the Railway Transportation Equipment Manufacturing Industrial Park in Changchun, China’s rail manufacturing hub, celebrations over the stimulus package have been particularly hearty. More colloquially known as “Rail Park”, this joint venture, between CNR and the Changchun municipal government, is now in progress to be a global leader in rail technology within the following three years.

The cooperation between CNR and Changchun is greatly mutually beneficial. With CNR now based in Changchun, the capital of the northeastern Jilin province, rail manufacturing is now being established as one of Changchun’s key industries. CNR was the obvious partner for Changchun since it looked to becoming China’s key rail manufacturing city.

CNR already has an admirable record of success stories in rail manufacturing prior to the signing of the deal. Over the last 50 years, it has pioneered China’s ﬁrst magnetic suspension passenger train, delivered the first model-A aluminum alloy train for urban rail transit use, as well as the ﬁrst stainless steel urban rail transit vehicles. In 2008, the company won an order for 60 subway trains for Shenzhen, 40 light rail trains for Changchun and 455 subway trains and 160 double-deck buses for export to the Middle East.

With more than 40 years of experience in providing trains for the Beijing underground network, its remarkable expertise was recognized in 2008 with an order from the MRT Corporation to provide 10 sets of rolling stock for the Hong Kong subway.

This growing market demand saw CNR’s need for rapid expansion conforms perfectly to Changchun’s ambitions in the railway sector. Their joint venture has an annual turnover of 30 billion yuan at present and is expected to reach 50 billion yuan after the government announced its investment plan.

Up till now, over 30 major companies have moved to the Rail Park, bringing a total investment of more than 1 billion yuan. Plans are already underway to expand the existing 6.5 sq km park—with a 10 sq km zone, immediately to the north of the existing facility, already earmarked for this possibility.

New production facilities are expected to come out in August 2009 to deliver on the government’s demand for increased rolling stock. The ﬁrst of the new carriages and engines are expected for delivery in June 2010.

Are you interested in the business opportunities in China?

Please visit http://www.BPOVIA.com/ for details about our service.

China Life May Invest in Property Market

Yvonne Dong — Mon, 25 May 2009 09:52:32 +0000

Yang Chao, Chairman of China Life Insurance Co Ltd, said yesterday that the company plans to have a try at the property market to diversify its investment lay out. He said China Life would seek to invest in infrastructure, equity, fixed-income securities and the property market.

According to Yang, China Insurance Regulatory Commission is expected to permit insurers to invest in infrastructure and real estate soon and is drawing up guidelines concerning it. China Life is waiting for the inaction of these regulations and making preparations for their emergence.

Industry analysts confirmed the promise of more profits through more investment options, not only in capital markets but also in property market. The financial downturn led to a tremendous fall in capital markets, resulting in 61.4% decrease in total return in 2008 and 45.3% drop in net profit. China Life has changed its capital distribution, emphasizing on fixed-income securities and term deposits while reducing its proportion on equities.

Donghai Securities analyst Tao Zheng’ao suggested that the insurers seek long-term investment opportunities to win stable returns, and he showed his preference in the commercial market instead of residential housing market. He also recommended some more fields such as private funds and the soon to-be launched real estate investment trusts. Industry experts advised that learning from international experience, it should be better that the insurers’ property investment consist 5% of their total investment at the most.

Orient Securities analyst Wang Xiaogang says since it is without precedent that Chinese insurers’ would be permitted to invest in the property market, it is necessary to set a lower investment threshold to control risks. He suggests limiting investment in commercial property, equity and infrastructure to no more than 5% of the total.

Are you interested in the business opportunities in China?

Please visit http://www.BPOVIA.com/ for details about our service.

Angel Fund being established by MPG

Yvonne Dong — Wed, 13 May 2009 10:24:04 +0000

On the day Mar, 27th, 2009, Mountain Partners Group (MPG), which is a Swiss investment company, announced that they would build the first institutionalized angle fund in China focusing on the new but potential corporations.

Both Mountain Partners Group and the managing director of Navi Capital Yang Lei would give their efforts to establish the Taishan Angel Fund, the first-round capital of which would be ＄20 to ＄30 million.

This time the average amount to invest to single company would be about ＄500,000, much lower comparing with $2-3 million before.

The global financial crisis made many capital investment companies change their plans from focusing on pre-IPO companies to start-up companies, said Cornelius Boersch, founder of Mountain Partners.

He said the Taishan Angel Fund would focus on the areas which were highly affected by the economic crisis, such as hi-technology, new media and telecommunications.

The invested companies will benefit a lot from the excellent services provided by this Fund. It would provide sufficient capital, advanced technologies and much more convenient channels to China market, Yang said.

Yang was once the CEO of Linktone, a NASDAQ-listed company. During 11 months of this position, he changed the fortune of this company and gained a great success.

He was the man who got the Linktone to be NASDAQ-listed company and made the valuation of the company increase 20 times.

The Moutain partners Group was established by Cornelius Boersch and Daniel S Wenzel in 2004.

Are you interested in the business opportunities in China?

Please visit http://www.BPOVIA.com/ for details about our service.

Opportunities in Nanjing

Yvonne Dong — Fri, 17 Apr 2009 02:14:33 +0000

Top 50 foreign investments

in service enterprises in Nanjing

(in terms of tax paid)

1. ZTE Software Nanjing Co Ltd

2. Golden Eagle International Group

3. BSH Home Appliances (China) Co Ltd

4. Suguo Supermarket Co Ltd

5. Yanlord Investment (Nanjing) Co Ltd

6. Nanjing Shimao Real Estate Development Co Ltd

7. Mingfa Group (Nanjing) Real Estate Development Co Ltd

8. Nanjing KFC Limited

9. Nanjing Agile Property Co Ltd

10. Suyuan Group Jiangsu Property Development Co Ltd

11. Pearson Qinlin (Nanjing) Construction Development Co Ltd

12. Nanjing Red Sun Real Estate Co Ltd

13. GCL (China) Engineering Limited

14. Nanjing Hong Kong & China Gas Co Ltd

15. Jiangsu Five Star Appliance Co Ltd

16. Nanjing Wuning Real Estate Development Co Ltd

17. Merchants (Nanjing) Real Estate Co Ltd

18. Ford Motor Research & Engineering (Nanjing) Co Ltd

19. Jinli (Nanjing) Construction Development Co Ltd

20. Nanjing Xiaguan Urban Construction and Development (Group) Co Ltd

21. Nanjing Xincheng Property Development Company Ltd

22. South Pacific Land (Nanjing) Limited

23. Sinopec and Shell (Jiangsu) Petroleum Marketing Co Ltd

24. Jiangsu Jeanswest Garments Co Ltd

25. Chungwai (Nanjing) Real Estate Development Co Ltd

26. Nanjing New City Shopping Mall Development Co Ltd

27. Nanjing Li & Fung (Trading) Co Limited

28. Nanjing Deji Plaza Co Ltd

29. Fengshang International Real Estate Company Limited

30. Nanjing Jianrui Real Estate Development Co Ltd

31. Jiangsu Cheung Ning Industry Co Ltd

32. Nanjing Dejia Real Estate Co Ltd

33. Winsan Industry (Nanjing) Development & Construction Co Ltd

34. Jiangsu Nanre Power Generating Co Ltd

35. Nanjing Zhongjia Real Estate Co Ltd

36. Nanjing Wuyi Real Estate Development Co Ltd

37. Nanjing Xinlidu Real Estate Development Co Ltd

38. Nanjing Lucent Sci-Tech Communications Co Ltd

39. Jiangsu Overseas Chinese Real Estate Development Co Ltd

40. Nanjing Eastern Real Estate Development Co Ltd

41. Nanjing Lek Yuan Group

42. Nanjing Jade Golden Wheel Realty Co Ltd

43. Nanjing Ou Rui Real Estate Development Co Ltd

44. Nanjing Qiaosen Real Estate Co Ltd

45. Nanjing McDonald’s Restaurants Food Co Ltd

46. Nanjing Guogang Real Estate Development Co Ltd

47. Nanjing Golden World Real Estate Development Co Ltd

48. Minmetals Real Estate (Nanjing) Co Ltd

49. Nanjing Hongpu Real Estate Development Co Ltd

50. Nanjing Tianhui Real Estate Development Co Ltd

Are you interested in the business opportunities in China?

Please visit http://www.BPOVIA.com/ for details about our service.

Chinese Firms Meet Obstacles in Australia

Yvonne Dong — Thu, 16 Apr 2009 08:51:43 +0000

After the examination of Aluminum Corp of China’s (Chinalco’s) investment in Rio Tinto, the Australia government has decided to extend another similar examination of two more Chinese firms’ investment in the country’s miners.

According to what OZ Minerals said on Monday, the country’s Foreign Investment Review Board would extend its review of the takeover of OZ Minerals by China’s Minmetals from March 24 and the examination would last for 90 days.

As China’s largest metal trader, the Minmetals Corp. last month advanced to buy the Australian mining firm for a $2.6 billion ($1.7 billion) in cash to ensure enough supplies of non-ferrous metals. The Melbourne-based company operates zinc, lead, copper, gold and silver mines in Australia and abroad.

OZ Minerals said it would follow proper processes as required and Minmetals’ application would be determined as soon as possible considering the interests of OZ Minerals, its shareholders, employees and all its stakeholders.

The company has asked its lenders to extend a March 31 debt deadline to Sept 15, so time for concluding the deal will be available. An unsuccessful takeover of OZ will lead to its failure to refinance $1.3 billion in debt. Minmetals said yesterday it had confidence about the approval for the bid from Australia.

Bloomberg quoted Wang Jionghui, general manager of the mineral resources division at Minmetals, as saying that the obstacles encountered by overseas investments would be reduced because mining companies are in lack of capital.

The Review Board announced last Thursday that it would extend the examination of Fortescue’s planned sale of a stake to China’s Hunan Valin Iron and Steel for up to 30 days.

Fortescue said it still has confidence about Valin’s successful gaining of approval from the government due to the structure of the share subscription agreement. Valin decides to pay about $770 million for a 16.5 percent stake in Fortescue under a deal announced last month.

According to analysts, Chinese companies have won opportunities to make overseas investments as a steep fall in the prices of key resources caused by the economic crisis. However, such intensive acquisition may bring attentions to the destination countries from public as well as the government.

Are you interested in the business opportunities in China?

Please visit http://www.BPOVIA.com/ for details about our service.

IFB Bid for FUJIAN HIGHWAY SECTOR INVESTMENT PROJECT

Yvonne Dong — Tue, 07 Apr 2009 02:30:55 +0000

Invitation for Bids

FUJIAN HIGHWAY SECTOR INVESTMENT PROJECT

Construction of Pavement and Traffic Safety Facilities of

Yong’an – Wuping Expressway (0706-06110004J001B)

Dear Sirs:

We now invite you to submit sealed bids for the execution and completion of the cited contract (Contract B2).

The conditions, if any, for prequalification: Without Prequalification

Pre-bid Meeting: Not Applicable

You may obtain further information from, and inspect and acquire the bidding documents at Longyan Yongwu Expressway Construction Co., Ltd. (address below). You can purchase a complete set of bidding documents at the above office, on or after March 31, 2009 upon payment of a nonrefundable fee of RMB2,000 or USD295. The method of payment will be in cash or by remittance (the account details for remittance: Account No. 35001692490059666888, Name of Bank: China Construction Bank, Longyan Branch).

All bids must be accompanied by a security in the form and amount specified in the bidding documents, and the bids for Contract must be delivered to the Meeting Room of the Rest House, The Armed Police Force, Longyan Branch, (No. 18, Xianlong New Village, Beilong Community, Xinluo District, Longyan City) at or before 10:30 a.m. (Beijing Time) April 28, 2009. Bids will be opened immediately thereafter in the presence of bidders’ representatives who choose to attend.

We would like to bring your attention to the provisions on conflict of interest in ITB4.3 of the World Bank Standard Bidding Document (SBD) Procurement of Works & User’s Guide, May 2006, revised April, 2007 which is used to prepare the bidding documents for this contract.

Yours truly,

The Tenderee: Fujian Provincial Expressway Construction Directorate (as a coordinator)

Address: 21st Floor, Traffic Building, No. 18, Dongshui Road, Fuzhou, Fujian

Zip Code: 350001 Tel: 86-591-87077396 Fax: 86-591-87077210

The Employer: Longyan Yongwu Expressway Construction Co., Ltd.

Address: 7th Floor, Construction Bank, No. 36, Jiuyi Nanlu, Longyan Town, Fujian

Zip Code: 364000 Tel: 86-597-2262015 Fax: 86-597-2262000

The Tendering Agent: China National Technical Import & Export Corporation

Address: Room 2104, Genertec Plaza, No. 90, Xisanhuan Zhonglu, Fengtai District, Beijing

Zip Code: 100055 Tel: 86-10-63349317 Fax: 86-10-63373697

Are you interested in this Invitation for Bids opportunity in China?

BPOVIA is the pioneering virtual assistant and Knowledge process outsourcing (KPO) service provider in China. Combines international perspective with local know-how, BPOVIA can provide our clients China business development service and help our clients doing successful business in China.

Please visit http://www.BPOVIA.com/ for details about our service.

FDI figure dropped continually for 4 months

Yvonne Dong — Thu, 19 Feb 2009 09:34:09 +0000

Foreign direct investment (FDI) has dropped down for 4 months continually in January since the economic crisis influenced deeply around the world.

Compared with the amount of overseas direct investment in January 2008, which had risen by 109.78 percent, the Ministry of Commerce said yesterday that the amount of last month in this year dropped 32.6 percent to $7.54billion.

Fewer and fewer new companies open in the international capital city, which can be shown by the figure declining 48.7% to 1496.

Analysts have the word that the recession in the developed economics and multinationals’ unwilling or short of liquidity to invest at this stage brought the problem of the economic crisis, which will last at least a few more months.

Asian economics have also suffered a lot during most of the year, they said.

Since the large quantity of investment in January 2008 and the moderation in inflows during the past few months caused the drop in FDI, said Sherman Chan, an economist with Moody’s Economy.com

You can’t expect that foreign investment could rise because the international economy is not in a good situation and overseas demand is weak, said Su Chang, a macro-economic analyst with China Economic Business Monitor.

Because of the spring festival, which is celebrated in January this year, having a full week of holidays, we cannot compare between January 2009 and 2008, since last year, it was in February.

The prominent drop is caused by financial crisis, the high comparative figure of January 2008 and the long Spring Festival holiday,” MOC spokesman Yao Jian said at a press briefing.

Yao said that the $7.54 billion capital inflow of January is a few less than the quantity of last year’s average monthly $7.7 billion. It seemed that the monthly figure is going to climb up in the last period of this year, compared to last month, because more chances will be given by the country in order to moderate its macro economy. From a long view, we firmly believe that the flow of FDI will be steady,” he said.

The overseas investment started being weak in October, but last year’s overall capital inflow still rose 23.6 percent to $92.4 billion. Among emerging economies for the 13th successive years, the figure made China the largest FDI recipient since it was higher than the 13.6 percent increase for 2007.

From the international point, FDI dropped 21% to $1.4 trillion, says a UN Conference on Trade and Development report.

Are you interested in the business opportunities in China?

Please visit http://www.BPOVIA.com/ for details about our service.