Last year, China investments abroad exported 60 million tons of iron ore from their mines, according to the steel association.
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Dongguan is facing mounting problems as factories close down and manufacturing moves to other cities in China and abroad which offer cheaper labor.
He will still direct strategic and leadership development of the company, which includes helping U.S. businesses use Alibaba's platforms to sell to customers in China and abroad.
If acquiring overseas companies to gain access to technology, marketing and distribution channels in international markets is such an attractive proposition, why has it taken so long for industrial firms in China to venture abroad?
It has about 100 joint ventures, with half in China and the rest abroad, mainly in Asia.
The economic story over the remaining months of 2012 may be more important to this vital diplomacy than the election result in the U.S. For all the room Republicans have as challengers to bluster about China and other matters abroad, the choices come 2013 will be narrower, not least for that fiscal vise that will grip Washington.
Over the past several years, China has encouraged thousands of Chinese biomedical scientists, physicians and businesspeople working abroad to return to China.
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The future belongs to those companies that can succeed at investing and manufacturing abroad in countries like China, Thailand, Mexico, and the U.S. And not only manufacture abroad for foreign markets, but also for export to the Japanese home market.
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Last year, more than fifty-seven million Chinese people went abroad, ranking China third worldwide in international tourism.
China's direct investments abroad, in firms and factories, amount to less than Sweden's.
Some Brazilian firms have responded by opening factories abroad, from China to Argentina.
China also sends more students abroad than any other country in the world, followed by India and South Korea, respectively.
When one newcomer, MediaZone, started a Web site to send prime-time shows from China to Chinese expats living abroad, it signed on with Akamai.
Despite its difficulties at home, it is strong in most big markets abroad, especially China, which within a few years will be the world's largest.
Many are going on to teach in Chinese universities, slowing the brain drain that has long had China sending its smartest students abroad, never to return.
Can Tencent successfully bring its China-proven business model abroad?
Mr. Nemoto said the company is pushing for more growth abroad, particularly in China.
In 2002, after decades of commercial isolation, China started encouraging entrepreneurs to venture abroad.
But the curious abroad should come to China's slopes to find customers, not corduroy snow or caffe latte.
One reason is that for decades China sent its best math students abroad.
Its founder, Vittorio Merloni, who is still chairman, notes that almost half the company's products are made abroad, including in China, which he first visited back in 1975.
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That might be true to some extent, but the textile and apparel industry in Brazil and throughout Latin America has lost market share abroad and domestically to China competitors.
Japanese manufacturers are making less at home and more abroad, especially in China (Toshiba has just announced that it is shifting to China all production of television sets for the Japan market).
California-based eBay is expanding quickly abroad: after success in China it has just entered India.
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If they are successful, China may earn returns on its investment abroad as well as at home.
Despite a flare-up earlier this year of worries about the wholesomeness of China's output, hearty growth abroad is likely to continue.
As prices rise in China, its goods become less competitive abroad.
Though it has offices abroad and a plant in China, all of DEK's engineering is carried out at its Weymouth headquarters, where a third of its 1, 000-strong global workforce are employed.
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