Wang said foreign mergers and acquisitions of private enterprises will be a new highlight of cross-border mergers and acquisitions

Wang, Vice minister of Commerce of China, said in Xiamen September 9 morning that the future acquisition of private enterprises will become a new bright spot for China's cross-border mergers and acquisitions.　　In the 2010 enterprise foreign Investment and Risk Management forum, Wang said that due to the Chinese economy in the international financial crisis, the good performance of many countries to pay more attention to investment from China, which allows Chinese enterprises to invest in the space to expand, the opportunities for global business also increased.　　Wang pointed out that in the face of the new situation, Chinese enterprises should seize the new opportunity of World industry adjustment, and gradually extend from the low-end of the industrial chain to the high-end in the International industrial chain Division of labor, cultivate their own brands, enhance their product design, research and development, marketing and transnational management capabilities.　　In the field of investment, he suggested that Chinese enterprises should gradually from the past to service and small-scale processing, to energy, mineral resources development, mechanical and electrical products manufacturing, infrastructure and High-tech industries and other fields.　　On the investment approach, Wang said, mergers and acquisitions will become the main form of foreign investment for Chinese enterprises. "Particularly noteworthy is that the future of private enterprises in overseas mergers and acquisitions will become a new bright spot in China's cross-border mergers and acquisitions."　　He said that this year, Chinese companies in the mining industry, the automotive industry, IT industry, services and clean technology industry, and other areas, have a compelling case of overseas mergers and acquisitions.　　He pointed out that China's stimulus package policy measures to achieve good results, the economic recovery to the good trend of consolidation, while China's foreign investment also continued to maintain a good momentum of stability.　　The Ministry of Commerce data shows that 2002 to 2009, China's foreign investment growth rate of 48.6% per annum, 2009 global non-financial Foreign direct investment fell 37%, but China is bucking the trend of growth of 6.5%, in the global ranking to sixth place. This January-June, China's domestic investors non-financial category of foreign investment amounted to 17.84 billion U.S. dollars, an increase of 44%.　　As of June, China's non-financial foreign direct investment stock of more than 230 billion U.S. dollars, the total assets of foreign enterprises amounted to 1.2 trillion U.S. dollars, investment areas in 174 countries and regions.　　But Wang cautioned that Chinese companies must be acutely aware that the world economy is still facing many variables this year, the recovery of economies such as Europe and the United States will be a gradual process, especially the financial crisis caused by the World economic growth model adjustment process is extremely complex, the world economy completely out of the trough will take some time.　　At the same time, there are some outstanding problems in the development of China's economy, the endogenous impetus of economic growth is still insufficient, the structure adjustment is difficult to be enlarged, and some problems concerning people's livelihood need to be solved urgently. "These factors have affected the foreign investment of Chinese enterprises to some extent, and made it more difficult to invest abroad."　　"Wang said. He said that China's government departments at all levels will, in accordance with the "Risk prevention, restructuring, stable growth" requirements, deepen the management system reform, strengthen planning and guidance, improve the policy promotion system and service guarantee system, improve the level of foreign investment facilitation, for enterprises to go out to provide more support and better services.