Chinese Entrepreneurs Think Longer Term on Investing Overseas

Chinese investors are unlikely to spend large amounts overseas in the short term despite improved global investment environment.

The conclusion has been reached by China Council for the Promotion of International Trade (CCPIT) in a report that was scheduled to be published Tuesday, said "China Daily".

The newspaper cited the CCPIT report by saying that 26 percent of corporate interviewees had plans to invest overseas in the next 12 months, while 30 percent said they had no plans to do so.

Their outlook was more bullish in the medium term, with 61 percent of companies saying that they would increase their overseas investment over the next two to five years.

However, the investment volume is unlikely to be large, with 33 percent predicting they will inject funds of less than 1 million U.S. dollars in the medium-term, and 36 percent planning to invest between 1 million U.S. dollars and 5 million U.S. dollars.

Despite the global economic tsunami, China's outbound direct investment in non-financial sectors surged 6.5 percent from a year earlier to 43.3 billion U.S. dollars in 2009.