Crisis dampens zeal to go global
By Ding Qingfen | China Daily | Updated: 2009-04-23 07:43
The world financial crisis has severely dampened Chinese companies' enthusiasm for investing overseas, although many of them said they still want to go global, results of a survey showed yesterday.
About 85 percent of respondents said their overseas business has been hampered by the crisis, and as a result, merely 7 percent said they would like to add to their outflows this year.
However, when asked whether they will expand overseas investment in the next two years, 40 percent answered yes.
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