BEIJING Customized Saints Jersey , Oct. 23 (Xinhuanet) -- China's outbound direct investment is expected to grow 10 percent annually over the next five years as demand for industrial products and infrastructure surges in developed and developing markets, senior officials said on Wednesday.


Assistant Minister of Commerce Zhang Xiangchen said that China will continue to increase the flexibility of ODI procedures to allow domestic companies to assume more control of their overseas business.


China's non-financial ODI totaled $74.96 billion in the first three quarters of this year, up 21.6 percent from the same period a year earlier, fresh evidence that China's "going global" strategy is still expanding.


"International markets — especially Latin America, Africa, Southeast Asia and East Europe — still need many products such as machinery Cheap New Orleans Saints Jerseys , power systems, rail and other shipping equipment, construction and household items to diversify and support their economies," Zhang told a news conference in Beijing.


"China's ODI, therefore, is essential for them to gain funds Ken Crawley Saints Jersey , technologies, human resources and development experience," said Zhang.


China's ODI reached a record high of $108 billion in 2013, making it the world's third-largest investor for a second consecutive year.


The government is working with other countries to enhance the status of investment protection agreements, as well as simplifying its own ODI approval procedures.


For example, as of Oct 6 Ted Ginn Jr Saints Jersey , the ministry scaled back its role in overseas project approvals by ending controls on the number of investment projects.


"Only projects in sensitive countries or regions, as well as in sensitive industries, will require approval by the Ministry of Commerce," said Chen Lin, commercial counselor in the ministry's department of outward investment and economic cooperation.


"Sensitive" countries or regions are those that have no diplomatic ties with China or those under United Nations sanctions. Other overseas investment projects need only be registered with the ministry.


Last year, the ministry approved 6 Alex Okafor Saints Jersey ,608 ODI projects. But this year, it will rule on only 100 cases, because it has ceded its control over the number of investment projects under the new rule.


The value of overseas assets and property owned by 25,000 Chinese companies, including 40 percent of private companies, amounts to $3 trillion in 166 countries and regions. The companies have more than 1 million employees at different locations throughout the world.


Wang Zhile A.J. Klein Saints Jersey , a senior researcher at the Chinese Academy of International Trade and Economic Cooperation, said the rapid growth of China's ODI will not decline in the short term, as current economic developments demand that domestic companies use resources in global markets.


"Also, a slow world economic recovery is driving many economies to seek foreign investment to boost economic growth and employment," said Wang.


China is expected to attract about $120 billion of foreign direct investment in 2014, and China's ODI may outpace FDI inflows in 2015 Larry Warford Saints Jersey , as Chinese companies' global competitiveness in machinery, shipbuilding and chemicals rises.


？(Source: China Daily)


DAMASCUS, Nov. 25 (Xinhua) -- The intensity of clashes between the rebels and the Syrian government troops have intensified over the past couple of days and is expected to continue in the coming days following announcement of the date of the Geneva II conference on Syrian crisis, experts said.


The clashes have started to intensify on Saturday when the rebels tried to break the government troops' siege on the Eastern al-Ghouta countryside of the capital Damascus.


The rebels have also unleashed their counteroffensive to cover for their losses in northern Damascus, namely in the strategic al- Qalamoun Mountains, which connects Damascus with central and coastal Syrian provinces. The mountains are also located on the borders with neighboring Lebanon.


Syria's mainstream media said the army managed to repel the rebels attack and eliminated scores the rebels and their weaponries.


The local al-Watan newspaper said Monday that more than 100 rebel fighters had been killed over the past two days in al-Ghouta.


The battles in the south and east of Damascus have been coupled with others in the northern rim of the capital P.J. Williams Saints Jersey , namely in Deir Attieh town, located in the al-Qalamoun Mountains.


The victory in al-Qalamoun is crucial to the Syrian troops as ridding the rebel-held area would secure the road that connects Damascus in the south with central and northern Syria, and cut off the rebels' supply line from neighboring Lebanon.


Aside from the clashes in southern and northern Damascus, the Syrian troops have also unleashed a wide-scale operation in the southeastern countryside of Aleppo, dislodging rebels from a string of towns in a bid to push further into the rebel-held parts of the city.


The official SANA news agency said at least 11 people were killed on Monday in a mortar attack that struck the al-Jamilieh neighborhood in Aleppo, adding that 20 others were wounded.


SANA said Monday's attack was carried out by "terrorists Andrus Peat Saints Jersey ," referring to the al-Qaida-linked rebels.


In Damascus, two people were injured by a fresh mortar attack against three neighborhoods.


Meanwhile, the army killed and wounded more than 50 rebels in the southern province of Daraa, said SANA, adding that the army also killed 12 rebels in the eastern countryside of Damascus.


Maher Morhej, the head of the Youth Party Sheldon Rankins Saints Jersey , told Xinhua that the coming days will witness further escalation in clashes between the Syrian army and the rebels "because it's well-known that the one who has more power on ground would be stronger in the negotiations. "


The situation on ground would set the course and the results of Geneva II conference, he said.


UN Secretary-General Ban Ki-moon on Monday announced that he wi.

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