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China to push exports of railway, nuclear power products

Source:   Time:

BEIJING, Jan. 28 (Xinhua) -- China's State Council, the cabinet, on Wednesday announced plans to push exports of advanced railway, nuclear power and building material products.

In a notice on gov.cn, the cabinet said government departments and enterprises should facilitate China "going global", by increasing international trade, investment cooperation and pushing for domestic economic restructuring.

China's outbound investment reached 102.89 billion U.S. dollars last year, up 14.1 percent from a year earlier, ascending to the world's net capital exporters for the first time.

China will support enterprises in steel, textile and building material sectors to develop the industrial chain to export not only China's products, but also its technology and standards.

The government will aid enterprises with foreign exchange reserves to finance them "going global" through stocks or bonds issuance.

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