Fourth, Chinese companies “going global” will bring opportunities for common development. Despite the declining outflows of global foreign direct investment, China’s overseas direct investment reached a record high of 196 billion US dollars in 2016, registering a year-on-year increase of 34.7% and accounting for 13.5% of the global total. The Chinese-invested enterprises are operating in 190 countries and regions, with a total asset of five trillion US dollars. Ten days ago, Alibaba Group inaugurated its first overseas Electronic World Trade Platform, or eWTP, in the Digital Free Trade Zone of Malaysia. The operation of eWTP will bring the small-and-medium sized enterprises in Malaysia to the world stage.
In “going global”, the Chinese enterprises will bring capital, production capacity, high-tech and development experience to the countries in need. They will cooperate with their local counterparts, and achieve common development by drawing on each other’s strength.