Business / Industries

China pushes for sustainable development of overseas investments

By Yang Ziman ( Updated: 2016-10-02 13:26

Chinese enterprises' overseas investments will be more sustainable as China and the United Nations have launched a campaign on sustainable development for China's endeavor of going global.

The campaign, held at the UN's headquarters in New York on Saturday, aims to promote Chinese enterprises' sustainable development overseas to produce win-win results for China and the countries where it invests.

The campaign is co-hosted by the United Nations Development Program (UNDP), the Chinese State-owned Assets Supervision and Administration Commission (SASAC) and the Chinese Ministry of Commerce.

A 2015 report on Chinese enterprises' sustainable overseas investments was officially released at the ceremony.

Xu Haoliang, assistant secretary general of the UN, said at the launching ceremony that the report will dismiss misunderstandings of the international community toward Chinese enterprises' operations overseas.

"Chinese enterprises are facing the challenges of improving the sustainable management system, creating more harmonious labor relations and enhancing environmental awareness. The profit-driven business activities should also benefit the local people," said Xu.

Zhang Jincheng, director of SASAC's research center and chief expert of the research on China's investments overseas, said that the research will help Chinese companies mingle with local communities overseas.

"The project will offer consultancy and solutions to Chinese companies making investments overseas. The report in 2016 will focus on Chinese enterprises' sustainable performance in the Belt Road Initiative countries," said Zhang.

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