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SHANGHAI Cheap Adidas Superstar Shoes , Sept. 24 (Xinhua) -- Chinese enterprises have positive expectations on investment in BRICS countries.


"The investment in Brazil will reach 70 percent of our company's overall overseas investment, after the completion of the acquisition," Ge Junjie, chairman of Hunan Dakang Pasture Farming, said in Shanghai Saturday at a seminar on overseas investment.


Ge, whose company is based in central China's Hunan Province Cheap Adidas NMD Shoes , said that this June the company's strategic investor, Shanghai Pengxin Group, and its wholly owned subsidiary abroad DKBA, had acquired a 53.99 percent stake in Belagricola, a company specializing in agricultural equipment sales in Brazil.


In 2016, the group bought a 57 percent stake in Fiagril Cheap Adidas Superstar , a Brazilian trading company.


More Chinese companies are seeking investment opportunities in BRICS countries.


Huang Qingfeng, president of Shanghai Zhenhua Heavy Industries, said that the company started investment in Brazil, India, Russia, South Africa in 1996 Cheap Adidas NMD , 2005, 2006 and 2008 respectively, seeking cooperation partners. The company is now negotiating a fully automated wharf project with Indian customers.


Earlier this year, Beijing Gas Group bought a 20 percent stake in a Rosneft subsidiary.


Chinese companies are now investing in more countries and diversified industries, according to Cline Zhang, branch manager of Citibank (China) Shanghai Branch.


Zhang said that Chinese companies are behaving in more robust fashion Cheap Adidas Shoes Online , focusing on sustainable development and risk aversion.


The potential that BRICS members will expand investment to each other is large. Overall foreign investment by BRICS has reached 200 billion U.S. dollars, accounting for 12 percent of total global investment, yet bilateral and mutual investment among BRICS accounted for only 6 percent of their overall investment.


According to Huang Qingfeng, a stable domestic economic policy is a major prerequisite to attract overseas investment. Meanwhile, BRICS countries can improve their standard of service and guarantee for overseas investors.


"Using the renminbi as a settlement currency, as well as providing more convenient tax and visa facilities Cheap Adidas Shoes Free Shipping , can prompt more Chinese companies to invest in BRICS," Huang said. "More financial and consulting services are needed to help lower risks."


China Economic Information Service and PricewaterhouseCoopers China published a BRICS Investment Environment Report on Saturday, which provides information on macro-economics, the investment environment and the latest investment policies.


In the future, the upgrading of domestic demand and the industrial complementarity among BRICS will be the main factor driving Chinese companies to invest in BRICS, according to industry insiders.


Ge Junjie said that the future integrated operation of Belagricola and Fiagril would enhance his company's global competitiveness and lower the risks of overseas operation.


"Agricultural products from Brazil Cheap Adidas Shoes China , such as sugar, coffee and fruit juice are expected to enter Chinese market with better quality and lower prices in the future," Ge said.


Albanian version of Chinese president's book on governance launched in Tirana


Sanitary workers clean rubbish at Three Gorges in China's Hubei


15th Asia Arts Festival opens in east China


Air Force teams perform at 25th Malta Int'l Airshow


Autumn scenery of Kanas scenic area in NW China's Xinjiang


Chinese, Pakistani air forces conduct joint drill


Paddy cultivation area in China's Yanbian surpasses 46,000 hectares


China Focus: Beijing-Shanghai railway speed rises to 350 kph


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