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On July 6, The National of Pupua New Guinea estimated that China overseas investment amount would reach USD20.09b in 2007, up by 30% year-on-year, along with continually encouragement of Chinese government¡¯s ¡°going out¡± policy of enterprises.
This report pointed out China¡¯s overseas direct investment in 2005 developed fast with investment amount of USD12.3b in the same year, up by 123% year-on-year. In 2006, total overseas investment amount of Chinese enterprises (other than banks, insurances and securities enterprises), reached USD16.1b through mergers and acquisition. As estimated in China¡¯s 11th Five-Year Plan period, by 2010, total amount of overseas direct investment of Chinese enterprises would reach USD60b.
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