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China to help firms investing abroad
Brief:Chinese government will launch more measures to aid companies investing overseas and create a win-win situation for both China and other countries
Chinese firms need a more "open and convenient" global investment climate and the government will introduce measures to help companies invest internationally, the country's top commerce official said on Thursday.

The government will launch more measures to aid companies investing overseas and create a win-win situation for both China and other countries, Minister of Commerce Chen Deming said at the International Investment Forum 2011 in Xiamen, Fujian province.

The forum is part of the five-day 15th China International Fair for Investment &Trade that started on Wednesday.

"China's outbound direct investment (ODI) has created huge benefits for both China and other nations," Chen said.

Even with political challenges, there are growing opportunities for Chinese companies to invest overseas, officials and experts believe.

Foreign officials attending the fair said that they welcomed Chinese investment.

"We will provide more effective support in terms of policy and service to Chinese companies," Chen said.

China is studying and exploring new ways to broaden the use of its foreign exchange reserves, and looking at channels and methods to expand cross-border yuan flows.

Xinhua News
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