GETTING READY TO INVEST ABROAD

China’s engagement in outward foreign direct investment (OFDI) started later than in many other countries. In 2002, when the National Bureau of Statistics began measuring the OFDI, the net amount was $2.7 billion. However, in 2016 it soared to $196.15 billion, occupying 13.6 percent of the global total. In recent years, China’s OFDI has stayed between $140 billion and $160 billion. He Zhenwei, Secretary General of the China Overseas Development Association, spoke to Beijing Review reporter Tao Xing, sharing his observations on the development of China’s OFDI. This is an edited excerpt of the interview:

Rapid development

Between 1978 and 2000, China mainly focused on absorbing foreign investment in order to develop its economy and accumulate capital. The Go Global strategy emerged in 2000, after Chinese