Crisis dampens zeal to go global

The world financial crisis has severely dampened Chinese companies' enthusiasm for investing overseas, although many of them said they still want to go global, results of a survey showed yesterday.

About 85 percent of respondents said their overseas business has been hampered by the crisis, and as a result, merely 7 percent said they would like to add to their outflows this year.

However, when asked whether they will expand overseas investment in the next two years, 40 percent answered yes.