HONG KONG, July 23 /PRNewswire-Asia/ -- According to Financial Times, China's Premier Wen Jiabao has noted recently that Beijing will mobilize its foreign reserves to bolster and accelerate the overseas expansion, merger & acquisition efforts by Chinese enterprises. China now holds the largest foreign reserve in the world.
Wen Jiabao hopes that Chinese enterprises will expand their market share in global export, and encourages Chinese companies to go abroad to invest, merge or acquire. As for funding, China's $2 trillion foreign reserve will provide support for them.
Fairtheworld.com points out that, China's huge foreign reserve is experiencing an inflation-proof crisis. The government may use these reserves to buy U.S. Treasuries and invest in various ways, but it is more preferable to distribute some of the reserves to its enterprises to encourage overseas investment and merger & acquisition, which is a more efficient, more widely-beneficial inflation-proof method. Also, the funding will enhance many Chinese enterprises, increase their size and strength while creating more jobs. Therefore, the government is spending money in a much more cost-effective way.
Chinese enterprises will need support from various agencies in its "go global" process. Fairtheworld has developed a "Fair N Fair" 3D Virtual Expo System aimed at facilitating these companies' globalization effort. "Fair N Fair" is integrating global high quality business resources, paving the way for domestic enterprises to invest overseas.
For more information, please contact:
Dodona Song
Cell: +86-159-1626-1151
Email: news@fairtheworld.com
