On January 29, the Ministry of Commerce held a special conference on public service products of outward investment and cooperation to release and interpret the Guidelines for Countries (Regions) of Outward Investment and Economic Cooperation (2018), the Report on the Development of China's Foreign Investment (2018) and the latest Series of Teaching Materials for Transnational Business Management Talents Training.
According to Han Yong, deputy director of the Department of Outward Investment and Economic Cooperation of the Ministry of Commerce, in 2018, China made a total of US$129.83 billion outward foreign direct investment in the whole industry, marking a year-on-year increase of 4.2%, and had a turnover of US$169.04 billion in overseas contracted projects, up 0.3% year on year.
In 2019, China will expect a complex and grim external environment. The Guidelines for Countries (Regions) of Outward Investment and Economic Cooperation (2018), the Report on the Development of China's Foreign Investment (2018) and the latest Series of Teaching Materials for Transnational Business Management Talents Training represent the latest public service products issued in a bid to motivate enterprises to step forward in a further, farther and pragmatic manner.
Qu Weixi, deputy chairman of the Chinese Academy of International Trade and Economic Cooperation of the Ministry of Commerce, said that the Guidelines for Countries (Regions) of Outward Investment and Economic Cooperation (2018) covers 172 countries and regions and fully updates the original data, information, policies and regulations. Specifically, the latest Guidelines keeps in step with the global economic and political changes and focuses on the results of general elections of countries (regions), diplomatic relations, macroeconomics, characteristic industries, financial environment, investment regulations, preferential policies and risk aversion in a bid to ensure enterprises to keep up with the investment environment of host countries (regions). In particular, the latest Guidelines makes systematic, full and objective update on the status quo and development planning of infrastructure of the relevant countries along the "Belt and Road".
Xing Houyuan, deputy director of China Service Sourcing Center, said that the annual theme of the Report on the Development of China's Foreign Investment (2018) is to optimize the structure, focuses on the development of outward foreign direct investment and no longer involves overseas contracted projects and labor service cooperation. The Report comprehensively summarizes the characteristics of China's outward investment in 2017, systematically analyzes and interprets relevant policies and measures issued by the CPC Central Committee, the State Council and competent ministries and commissions and predicts the development opportunities and challenges China will face in the future.
Based on the Series of Teaching Materials for Transnational Business Management Talents Training (2009), more than 70% contents are revised and updated in 10 volumes, covering policy formulation, cross-border mergers and acquisitions and integration comparison and business management risk comparison, etc. and making the teaching materials more comprehensive, systematic and complete. Through comparison between China and foreign countries, making clears gaps and seeking conformity with foreign and domestic advanced countries, the transnational operation and management levels of China's enterprises are expected to be improved in an all-round manner.
China makes outward investment in a variety of industries, especially in business services, manufacturing, wholesale and retail and finance. As a platform for the communication and transactions among enterprises of trade in services in various countries, China Beijing International Fair for Trade in Services (CIFTIS) brings together well-known enterprises and investment information in the service field at home and abroad, creates new exchange channels for domestic and international service markets, introduces international advanced services and also acts as an important linking role to stimulate China's services to "go global". To move forward in a further, farther and pragmatic manner, it is necessary for China's enterprises to gain in-depth knowledge of the overseas investment environment, master the policies of the cooperative countries and assess the operational risks by taking advantage of CIFTIS.