Sound investment overseas important to Belt and Road construction

Zhou Xiaofei, deputy secretary general of the National Development and Reform Commission(NDRC), shared his thoughts on how to guide Chinese enterprises to make sound investments overseas at a forum in Beijing on July 13.

Zhou said, "The going global efforts of Chinese enterprises accord with the overall trend of economic globalization."

The Belt and Road Initiative is a framework guideline for enterprises to seek investment and cooperation opportunities in foreign countries.

It is important to ensure Chinese enterprises' overseas investment can develop in a sound and sustainable way, said Zhou, stressing that overseas investment should follow market rules while the government needs to play a better role in facilitating overseas investment and develop a sound management mechanism to help enterprises prevent and control investment risks.

Overseas investment is not only an important way to promote the Belt and Road construction, but a key aspect of developing a new, open economic system, according to Zhou.

Zhou said the NDRC will work together with other government departments to strengthen management mechanism to support Chinese enterprises' going global efforts.