Chinese overseas investment rises 27% in 2004
Chinese companies invested $3.6 billion overseas in non-financial sectors in 2004, a 27% increase,
China's Ministry of Commerce reports.
China's direct overseas investment totaled $37 billion last year.
The Ministry indicated that Chinese companies made nearly half of their
investments to Latin America and some 40% to the other parts of Asia. The prime areas of investment included mining, commercial services,
manufacturing, wholesale and retail sales.