Department of Outward Investment and Economic Cooperation

MNCs in the News-2015-12-11

Cisco says it will give its source code to no one while seeking a “win-win” arrangement with China. Chinese media report that Google has set up a shell company in the Shanghai Free Trade Zone. Chinese Ministry of Commerce (MOFCOM) official says that the government will work to facilitate greater outward investment by Chinese firms. Chinese nuclear firms radiate over opportunities presented by China’s Silk Road Economic Belt and 21st Century Maritime Silk Road Initiative. Taiwan struggles to set policy regarding mainland Chinese investment in its chip sector. Chinese firms look to expand abroad to escape limits on their ability to test and sell GMO crops at home. Following the China-Africa summit, Chinese firm wins new railway deals with Kenya. Japan to sign major high-speed rail contract with India. Japanese firms will participate in Brazil urban rail projects. Korean Finance Ministry will create a major fund to support Korean businesses in China. Samsung Engineering scores major petrochemical project awards from Petronas. Nestle acknowledges some working in its Thai seafood supply chain are treated like modern-day slaves. Former Malaysian (Sabah) Chief Minister believes government can create the conditions facilitating a Chinese firm building a bridge connecting Labuan and Sabah. China Railway Engineering Corp. makes investment in Malaysia to lay a possible foundation for bidding on a high-speed rail link between Kuala Lumpur and Singapore.

MNCs in the News-2015-11-27

Google Play app store ready to play in China. Chinese investment in the American financial sector dwarfs American investment in the Chinese financial sector. U.S.-China Joint Commission on Commerce and Trade meeting reportedly yields agreement on the protection of trade secrets and opens Chinese market further to certain types of American firms. Payoff of GlaxoSmithKline’s measures to recover from its 2014 China bribery scandal remain unclear. MOFCOM touts China’s opportunities to Japanese firms and hopes they will invest in “emerging sectors.” Premier Li Keqiang says China will invest $1 trillion overseas in the next five years. Chinese outward foreign direct investment (FDI) and contract work continues to record impressive results. Chinese firm private firm outward FDI (OFDI) shows impressive growth. Chinese OFDI in Africa, though, collapses. China promises $10 billion in infrastructure loans to Association of Southeast Asian Nation countries. Chinese train company motoring along in Malaysia. China National Corporation for Overseas Economic Cooperation fires up over Mexican energy sector investment. Chinese companies power up nuclear energy cooperation with Argentina. Japan opens its purse strings to win more infrastructure deals and counter China. Japan expresses its displeasure to Indonesia about Indonesia’s awarding of a high-speed rail contract to China. Japanese public private fund steps forward to finance Texas high-speed rail. Indonesia will act to revise its negative investment list to exclude e-commerce companies.