KIN Filter Engineering Co.,Limited.

    China's economy, the bid to go global by domestic enterprises and cross-border business using the renminbi were topics of discussion during a forum yesterday at the ongoing World Chinese Entrepreneurs Convention in Chengdu.
    Officials said the nation's stably growing economy, more policy support for outbound investment in the future and the convenience in using China's currency in cross-border transactions will offer entrepreneurs even greater opportunities.
    In the first half of 2013, China's GDP increased 7.6 percent from the same period in 2012, mainly on the strength of expanding domestic demand, he said.
For the first eight months, total sales of consumer goods grew 12.8 percent from a year earlier. After adjusting for inflation, the actual growth rate was11.4 percent, he said.
    In 2012, outbound direct investment from China hit $87.8 billion, bringing the cumulative total to $500 billion, according to Li.
Some 16,000 Chinese companies, both State-owned and private, have invested overseas, but Li warned the effort is still weak. China ranked just 13th on the list of global outbound investment sources last year.