Off the wire
• Indian stocks close lower  • Across China: New chapter for antiquarian bookstore  • FLASH: TWO SU-22 FIGHTER JETS CRASH IN CENTRAL VIETNAM WITH TWO PILOTS MISSING -- LOCAL MEDIA  • Roundup: Singapore stocks end down 0.24 percent  • Weather forecast for world cities -- April 16  • Weather forecast for major Chinese cities, regions -- April 16  • 22 European countries take part in campaign against speeding  • India asks local government in Indian-controlled Kashmir to take strict action against separatists  • 1st LD Writethru: India successfully testfires nuclear-capable Agni III missile  • Indian defense minister arrives in South Korea on 3-day visit  
You are here: 　 Home

China to support equipment export, cooperation: MOC

Xinhua, April 16, 2015 Adjust font size:

The Ministry of Commerce (MOC) on Thursday said more support will be given to equipment export and international cooperation to facilitate industrial upgrading and boost economic growth.

Outbound direct investment (ODI) of the equipment manufacturing sector hit 960 million U.S. dollars during the first quarter (Q1) of 2015, according to data from the MOC.

Guidelines will be released on global cooperation for sectors such as railway, nuclear power, automobile, ship-building, chemical industry and metallurgy, said MOC spokesperson Shen Danyang.

The ministry will offer financial support to major overseas infrastructure programs and international cooperation in high-tech, modern manufacturing and other competitive sectors, Shen said.

Special equipment manufacturing ODI reached 309 million dollars in Q1, amounting for over a third of the total ODI. Railway-related equipment export grew 51.8 percent year on year in the first two months of this year. Endite