Premier Wen Jiabao Announces Here We Come!

Premier Wen Jiabao Announces Here We Come! 

While delivering the government work report at the fifth session of the 11th National People's Congress which started on Monday in Beijing, Premier Wen Jiabao said China will implement the "go global" strategy this year.

Wen is expected to relax overseas investment restrictions and he went onto to say; "With China's outward investment in an important stage of accelerating development, we will enhance macro-guidance, increase policy support, streamline approval procedures, and improve services for Chinese investors”.

David Nealis President of Blue Bridge

According to Premier Wen Jiabao, China will guide its enterprises under various forms of ownership in making overseas investments, mergers and acquisitions in energy, raw materials, agriculture, manufacturing, service industries, and infrastructure in an orderly manner. So expect to see many Chinese SOEs continue their acquisition of overseas assets.

According to a statement released by the government, China will also explore new models for overseas economic and trade cooperation zones, and support companies making overseas investments in coordinating their growth and forming clusters. Wen stressed that restrictions on individuals investing overseas will be relaxed.

Premier Wen Jiabao also said China will strengthen the risk management of overseas investments and protect the safety of employees and assets of Chinese enterprises operating overseas.

China continues to be an ideal place for firms looking for growth, what is your firm’s China Market Strategy?