By Jiang Wei (China Daily)
Updated: 2007-08-03 11:27

Haier Group, one of China's leading home appliance makers, established in November 2006 the first economic and trade cooperation zone in Pakistan. The zone targets at home appliance manufacturing, related supplies and services.

Some Chinese companies are planning other zones of this kind in the Association of Southeast Asian Nations.

Liao said the government will grant investors more information by holding trade and investment events as well as investment-guideline websites.

China, which has been one of the world's largest investment destinations for several decades, is emerging as a growing overseas investor. Some Chinese enterprises are going abroad for larger market access, some for more technologies and some for resources.

Moreover, some others are going out when they find that the space for their further development is limited at home.

In the Chinese central government's blueprint, the country's overseas investment will hit $60 billion during the 11th five year plan (2006-10).

"The figure is conservative. Our development is usually higher than the expectation of experts," said Chen Jian, assistant commerce minister.

"China's outward investment is entering into a fast growth era from the early stage," he said. Chen expects China's outbound investment to reach $30 billion for the whole year of 2020.

China's $60 billion annual outward investment is too small compared to the foreign direct investment it attracted - $600 billion in 2006.

"The ratio (between inflow and outflow investment) is 1.2:1 in developed countries," said Wu of China Foreign Affairs University. "Although China is still a developing country, qualified enterprises are also driven by the trend."

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