China considers policies to encourage overseas business

%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20will%20introduce%20more%20favorable%20policies%20to%20help%20domestic%20enterprises%20go%20global%2C%20an%20official%20from%20the%20Ministry%20of%20Commerce%20%28MOC%29%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20MOC%20will%20partner%20with%20other%20ministries%20to%20push%20policies%20for%20outbound%20investment%2C%20cooperation%20among%20countries%20participating%20in%20the%20Belt%20and%20Road%20Initiative%2C%20encouraging%20high%20value-added%20investments%2C%20and%20improving%20information%20services%20and%20risk-control%20measures%20for%20overseas%20businesses%2C%20said%20Zhou%20Zhencheng%2C%20vice%20director%20of%20the%20Department%20of%20Outward%20Investment%20and%20Economic%20Cooperation%20under%20the%20MOC%20at%20a%20conference%20on%20Sunday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EWhile%20outbound%20investment%20in%20China%20is%20growing%20at%20a%20fast%20pace%2C%20it%27s%20still%20at%20a%20preliminary%20level%20compared%20with%20developed%20countries%20and%20faces%20challenges%20such%20as%20a%20lack%20of%20innovation%20and%20growing%20geopolitical%20risk%2C%20Zhou%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EChina%27s%20overseas%20nonfinancial%20investment%20during%20the%20first%2010%20months%20of%202015%20surged%2016.3%20percent%20year%20on%20year%20to%20hit%20589.2%20billion%20yuan%20%28%2492.2%20billion%29%2C%20covering%205%2C553%20companies%20across%20152%20countries%20and%20regions%2C%20according%20to%20data%20from%20the%20MOC.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EOutbound%20direct%20investment%20in%2049%20nations%20along%20the%20Belt%20and%20Road%20routes%20totaled%20%2413.17%20billion%20during%20the%20period%2C%20up%2036.7%20percent%20year%20on%20year.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20growth%20of%20outbound%20investment%20will%20continue%20to%20surpass%20the%20rise%20in%20foreign%20direct%20investment%2C%20Zhou%20predicted.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%3CBR%3E%28China%20Daily%29%3CBR%3E%3C/FONT%3E%3C/P%3E