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Offshore investment
Source: Xinhua |
February 16, 2011, Wednesday
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Print Edition
Print Edition
SHANGHAI-BASED Chinese companies made a combined investment of US$2.42 billion abroad in 2010, up 57 percent from the previous year, helping the city remain a primary base for Chinese offshore investment during the past five years.
The latest data from the city's commerce commission showed that about 10 percent of last year's 301 offshore investment projects were valued at more than US$10 million. These projects include the stake acquisition of Belgium-based Zeebrugge APM Terminals by Shanghai International Port (Group) Co, China's largest port operator.
Shanghai's offshore investment stood at only US$530 million in 2006. It surged in the following four years. The city's total offshore investment from 2006 to 2010 reached US$5.85 billion.
The latest data from the city's commerce commission showed that about 10 percent of last year's 301 offshore investment projects were valued at more than US$10 million. These projects include the stake acquisition of Belgium-based Zeebrugge APM Terminals by Shanghai International Port (Group) Co, China's largest port operator.
Shanghai's offshore investment stood at only US$530 million in 2006. It surged in the following four years. The city's total offshore investment from 2006 to 2010 reached US$5.85 billion.
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