Shanghai Pharmaceuticals , China's second-largest distributor of pharmaceutical products, plans to make a landmark overseas acquisition within the next 6-12 months, Reuters reported.
PetroChina Co Ltd, China's biggest energy firm by market value, plans to establish three operation centers, in Singapore, London, and New York, in an effort to boost its foothold overseas, the company's top official said.
Sinopec's unit to dive deeper for offshore assets
PetroChina eyes progress in Sino-Russian pipeline
Foreign bank investments in China's lenders had surpassed their Chinese counterparts' overseas investments by the end of 2010, China Business News reported Monday.
China's investment in the United States will grow by more than 50 percent this year, as the US market becomes more open and transparent, said an official from the Ministry of Commerce.
The total value of China's newly signed overseas contracts in 2010 increased 3 percent year-on-year to hit about $130 billion, Vice Commerce Minister Chen Jian said at a conference Wednesday.
Chinese companies had invested over 600 billion yuan ($91 billion) in overseas M&A deals from January 2008 to June 2010, 21st Century Business Herald reported Thursday, citing data from a well-known consultation agency.
China's overseas investment has increased rapidly, despite the global economic outlook.
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