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.

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Wan Gang, science and technology minister, said, “It is the talent pool that empowers China to compete in the campaign of global innovation,” during the 5th Overseas Chinese Forum Worldwide yesterday in Beijing.

Wan said that the government has always endeavored to cultivate the nation’s technological talent base, and its human resources in regard to the technology fields are now among the best in the world.

China is emerging as an ever-popular destination for foreign students, with numbers steadily rising over the past several years, he said.

Based on the latest research of the China Association of Science and Technology, the country already ranks sixth in the world’s overseas study market.

“However, the market is still hungry for cutting-edge technological talents,” Wan said at the forum, which appealed over 200 overseas Chinese from 14 foreign countries.

Li Haifeng, the chief of the Overseas Chinese Affairs Office of the State Council, said, “The forum aims to be a bridge for overseas Chinese to learn about the favourable policies of the Chinese government, and share cooperative purposes with domestic peers.”

“I made the right decision to come back to China and restart my career here,” Xue Lan, chief of Tsinghua University’s Public Policy and Management School, said, after studying and working in the US for about 20 years before the 1990s.

But Xue said that there is still a long way for China to go to promote “trilateral networks among academia, state and industry.”

According to the International Labour Office earlier this month, the current global financial crisis could increase world unemployment by an estimated 20 million.

Insiders said that the crisis, which might also affect China, could serve as opportunity to attract more overseas Chinese back home.

“My former colleagues in America call me every day to consult me on the latest information and chances to work in China since the recent economic crisis hit America,” Wang Dazong, general manager of Beijing Automotive Industry Holding Company, who studied in America and worked for General Motors, told China Daily.

The Overseas Chinese Forum ended on 29th October.

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Wang Ying, a division chief of the grassroots organization and capacity building department of the All-China Federation of Trade Unions (ACFTU), said more than 4,100 major foreign companies run by the Fortune 500 are doing business in China.

She said that until now 82 percent of the companies have set up trade unions, and the figure would come up to 90 percent by the end of this year. As of July, in less than 50 percent of the Fortune 500 firms workers had been able to form trade unions.

Wang attributed this substantial change to a three-month national unionization campaign that began in June.

The ACFTU is directly supervising the formation of trade unions in 10 of the Fortune 500 firms.

Currently, Maersk Logistics, Lotus, IKEA, TNT, Kodak, FedEx, Home Depot, Emerson, Canon, Sony and ABB have trade unions.

“Most of the foreign companies have been cooperative, as they are clear that they must abide by China’s laws if they do business in China,” she said.

She said the ACFTU had also been resisted by some foreign companies especially American companies.

“Some US companies, such as Wueth, Microsoft, 3M, AstraZeneca and Pwc, have been quite uncooperative and have applied various excuses to delay the formation of trade union, ” she said.

“Workers do not need to be approved by their employers to establish trade unions, because the Trade Union Law, issued in 1992, entitles them the right,” she said.

“However, the support from the employers is important in practice in forming unions.”

She said over this issue both the American Chamber of Commerce and the Japanese Chamber of Commerce and Industry in China have expressed their support for the ACFTU.

According to the law, employers must allocate 1 percent of workers’ pay for trade union funds. Wang said that 40 percent go to the superior trade union while 60 percent remains in the company.

Senior ACFTU official Yang Honglin said that misunderstanding about trade unions still exited among foreign companied.

“Trade unions in china not only protect workers’ rights and interests but also are good for the development of a company,” she said.

ACFTU vice-chairman Sun Chunlan said on a press conference yesterday in Beijing that the ACFTU is initializing another nationwide push for collective wage negotiations.

She said that through the negotiations all the 108 Wal-Mart in China had signed collective contracts with their workers by Sept 16.

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The overseas Chinese birth or decent were high praised at a lately gathering in memory of the 30th anniversary of China’s reform and opening up to the outside world, for their deep love of their motherland.

Between 1978 and 1995, 60% of the 13,600 approved foreign invested projects and 56% of the drawn 34.27 billion yuan foreign direct capital were from overseas Chinese and patriotic personages from Hong Kong and Macao.

Yang Xiaodu, head of the United Front Work Department of Shanghai, said during his statement on the forum,”During the past 30 years, overseas Chinese, returned compatriots and their families showed their great and profound love for their hometown and their motherland.”

He said that overseas Chinese’s stories will be engraved into history for their contribution to the opening up and reform, to the establishment of a friendly international environment and to the country’s social development.

From 1990, overseas Chinese and Hong Kong and Macao compatriots made more than 2,000 donations, worth 2 billion yuan, mainly in the fields of culture, education, healthcare and other public welfare.

According to statistics, after the magnitude-8 Sichuan earthquake, Chinese ethnicities has generously donated up to 300 million yuan in cash or relief materials for the stricken areas via Shanghai.

Apparently overseas Chinese are also very interested in the approaching 2010 Shanghai World Expo.

80 delegations from All-China Federation of Returned Overseas Chinese visited the Bureau of Shanghai World Expo Coordination to get update information on the event.

During the forum, representatives of overseas Chinese talked about the dramatic changes they saw and their own experience in China.

Yue-Sai Kan, an international television star and exceedingly successful businesswoman expressed her marvel at China’s social change and her cherish of the sincerity and purity people had three decades ago.

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The fair was expected to promote exchanges between small and medium-sized enterprises at home and abroad. More than 10,000 participants were expected from overseas.

The South Korean delegation included more than 250 exhibiting firms from a wide range of industries and about 5,000 professional buyers.

The organizing committee of this time would like to set up an exhibition pavilion for members of the Asia-Europe Meeting (ASEM), which is expected to be a new highlight at the event. About 20 of the 45 ASEM members used the platform to promote their own products, investment and trade opportunities.

Overseas delegations that have registered to hold seminars for the promotion of investment opportunities include many countries. The United Kingdom promoted the pivotal role of London as an international financial centre, while the United States displayed its competitive e-commerce solutions for SMEs.

Different countries are carrying out their promotions through different and unique ways. Their enthusiasm for promotional campaigns is unprecedented. This huge market made China more attractive to businesspeople worldwide.

The fair is jointly sponsored by the National Development and Reform Commission, Ministry of Industry and Information Technology, Ministry of Finance, Ministry of Commerce, State Administration for Industry and Commerce, State Administration of Quality Supervision, Inspection and Quarantine, China Banking Regulatory Commission and the provincial government of Guangdong.

Are you interested in the business opportunities in China?

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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.

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