Chen said that some other competent companies already went global and undertook international mergers and acquisitions.

These enterprises will bring some business back to China, and also give value-added business to other countries, according to Chen, adding:" That's why we see both crisis and opportunities within the global downturn.

"We are now conducting research on the 'go global' strategy to help our enterprises develop overseas business, and thus drive both external demand and export," said Chen, adding that external demand and export will also help boost China's employment and internal demand.

China will continue to implement the "go global" strategy, support all kinds of competent Chinese enterprises in investing overseas and undertaking international mergers and acquisitions, and encourage large enterprises to play a leading role in implementing the "go global" strategy, according to the government work report delivered by Premier Wen Jiabao last week.

(Xinhua News Agency March 10, 2009)