ecns [expanded by feedex.net]: Chinese enterprises operating overseas contribute greatly to global development: report

ecns [expanded by feedex.net]

ecns

Chinese enterprises operating overseas contribute greatly to global development: report
http://www.ecns.cn/business/2016/10-01/228871.shtml
Oct 1st 2016, 11:41



Chinese enterprises operating overseas have made remarkable contribution to hosting countries and global development, according to a report released here Friday.
The report, jointly released by China and the United Nations Development Program (UNDP), interviewed 254 Chinese companies, of which 36 percent are state-owned corporations and the rest are private.
These Chinese firms have paid a total of 31.2 billion US dollars in taxes to their hosting countries or regions, a 62.9-percent jump from 2014, it said.
They have also provided jobs to 1.23 million foreign employees in 2015, 392 thousand more than the previous year, according to the report, entitled 2015 Report on the Sustainable Development of Chinese Enterprises Overseas.
It provides critical data related to Chinese companies' investment, projects and people working overseas as well as policies adopted by the Chinese government to support these activities, and outlines progress made by these companies in the areas of corporate governance as well as their economic, environmental and social performance in overseas operations.
The report also showed that half of these Chinese companies have netted profits while more than 20 percent ended last year in losses.
Shen Haixiong, a senior official from China's Guangdong Province, said at the launch event of the report that currently China's enterprises have encountered great opportunities to go global and to engage in business operation in overseas markets.
While delivering a keynote speech, Shen said in recent years, many Chinese companies have been engaged in overseas investment and have achieved win-win cooperation with host countries, such as Huawei, a Chinese telecom company.
Xu Haoliang, assistant administrator of the UNDP, said that the report shows that Chinese companies and the Chinese government want to take a new approach on development.
"UNDP believes in the potential of the Chinese private sector to contribute to sustainable development around the world," he added.
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