CCTV9英语新闻：Chinese companies see positive momentum

China's outbound investments have experienced positive momentum during the first two months of this year. That's according to officials from the Ministry of Commerce.

 

More and more Chinese money is being invested overseas. Officials say 18 of the 20 industry categories in China's economy made outward investments in January and February and nine posted investment volumes of over 1 billion US dollars. Only four categories posted investment volumes of over 1 billion US dollars during the first two months last year.

 

Over half of those investments were directed to the Asian region and other developing areas of the world. Officials say China's 'one belt one road' initiative has boosted companies' interest in expanding overseas.

 

The Chinese government has been making it easier for domestic companies to invest overseas. A new measure imposed in late 2014 said that the government would reduce approval procedures for outbound investments and mainly use a more efficient registration-based system. Today, less than 1 percent of investment projects require approval.