|
The
government will "promote the healthy and orderly development of
outbound investment and cooperation" in 2017, Gao said in
remarks at a conference that were published on the ministry's
website.
China's ODI in November jumped 76.5 percent from a year earlier
and it rose 55.3 percent in the first 11 months of 2016, the
ministry's data showed, as local firms continued to invest
abroad amid a slowing economy and weakening yuan.
Separately, the ministry said on its microblog that China will
sharply reduce restrictions on foreign investment access in
2017, opening up sectors where foreign companies have strong
investment interest and risks are under control.
No details were given on what restrictions will be changed.
Earlier this month, China published draft foreign investment
guidelines which it said would "increase openness to the outside
world".
Based on Gao's forecasts, non-financial ODI is set to surpass
foreign direct investment into China by an unprecedented 335
billion yuan this year, amid worries about capital outflows.
For all of 2015, the ministry reported non-financial ODI of
735.1 billion yuan, and FDI of 781.4 billion yuan.
Gao said that in 2017, difficulties faced in maintaining a
stable flow of foreign investment into China will increase,
while sources of volatility for China's outbound investment will
rise along with risks, according to an interview with state
media published Monday.
Beijing has announced a string of measures recently to tighten
controls on money moving out of the country, including closer
scrutiny of outbound investments, as the yuan skids and the
country's foreign exchange reserves fall to the lowest levels in
nearly six years.
China will further enhance the competitiveness of its foreign
trade and consolidate recent good momentum, Gao added.
(Reporting by Beijing Monitoring Desk, Elias Glenn and Kevin Yao;
Editing by Richard Borsuk)
[© 2016 Thomson Reuters. All rights
reserved.] Copyright 2016 Reuters. All rights reserved. This material may not be published,
broadcast, rewritten or redistributed.
 |
|
