Overseas investment will drive up the fast lane

China will change from "product producer" to "capital exporter" to seek advice on foreign exchange management of overseas direct investment by domestic institutions, and to support domestic enterprises "going out" in foreign exchange funds, Overseas Investment Fund transfer management and foreign financing guarantee of domestic enterprises.　　Analysts pointed out that, under the policy escort, Chinese enterprises "go out" foreign investment is expected to enter the stage of rapid development from the primary stage.　　Policies are constantly improving enterprises or clusters of "going out" people said that the draft is to further improve the promotion of foreign direct investment in the complementary Exchange management policy, will facilitate domestic institutions to carry out foreign direct investment and engage in cross-border operations to promote the national foreign direct investment in the effective implementation of industrial policies. In fact, this year, China's policy of encouraging foreign investment has been frequent. For example, May 1 this year, the implementation of the "Overseas Investment Management measures", the decentralization of foreign investment start-up Enterprises approval Authority, China's investment of 10 million U.S. dollars and above, 100 million U.S. dollars of foreign investments can be approved by the provincial commercial authorities.　　At the same time, further simplifying the approval procedures and further implementing the enterprise investment decision-making power.　　Department of Foreign Investment and Economic Cooperation of the Ministry of Commerce disclosed that in 2008, the introduction of the "Foreign Contracting Project Management Ordinance", but also in the formulation of the "Foreign Labor cooperation management regulations" and "Foreign investment Cooperation Regulations" two regulations, to establish a more reasonable and effective management system. Industry insiders said that the change in the single investment for the cluster-type "going out" will be the future direction of development.　　At present, the Ministry of Commerce with more than 100 countries and regions in the world to establish a bilateral economic and Trade Committee mechanism, signed 127 bilateral investment protection agreements, with some countries are signing the FTA agreement, and more than 20 countries and regions to strengthen mutually beneficial cooperation signed an intergovernmental agreement. China's foreign investment or hyper-FDI financial crisis will be a new opportunity for China's foreign investment. Fan Chunyong, executive vice president of China Industry Overseas Development and Planning Association, pointed out that China's foreign investment has entered a rapid development period from the primary stage.　　China's role in the world economy will shift from "product producer" to "capital exporter". To ensure supply chain and market stability, Chinese enterprises have strategic demand for upstream production activities and downstream market financial investment. Due to the impact of the financial crisis, the monopoly pattern of multinational enterprises has changed, reducing the threshold for Chinese enterprises to invest abroad.　　The early days of global mining and energy asset prices have also brought Chinese companies a chance to acquire mergers. Data show that the pace of China's foreign direct investment accelerated in 2008. Last year, China invested $52.15 billion trillion in foreign investment. Among them, the investment in the form of mergers and acquisitions accounted for 50% of the total outward FDI of the non-financial sector.　　In the financial sector, foreign direct investment is mainly based on overseas acquisitions and branches, accounting for 60% of the foreign direct investment of China's financial sector. This year, Fan Chunyong said, China's OFDI may exceed the actual amount of foreign direct investment (FDI) for the first time. Data display, the actual use of foreign capital in January-April this year, the amount of 27.67 billion U.S. dollars, down 21% year-on-year. In the same period, the foreign contracted project continued to maintain a relatively rapid growth rate, the completion of the external contract project turnover of 17.94 billion U.S. dollars, the new contract amount of 44.55 billion U.S. dollars, year-on-year growth of 36%, 59.5%.