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.