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China eyes overseas markets

By Ding Qingfen | China Daily | Updated: 2011-09-07 07:51

Hardly a day goes by without news of another foray by Chinese companies into overseas markets.

Far from being merely a major receiver of overseas direct investment for its cheap labor cost and huge market, China is now becoming an active and powerful overseas direct investor because of Chinese companies' expanding capacity and the country's huge foreign exchange reserves.

The Chinese government is confident of its outbound direct investment (ODI) increasing at a fast pace in the coming years.

China eyes overseas markets

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