"Chinese companies are increasingly willing to invest abroad, driven by the need to secure raw materials from overseas and to escape from the overly crowded domestic markets."

Lawrence Chia, head of M&A services at Deloitte China and the co-chairman of its global Chinese services group, saying that by investing overseas, Chinese companies can acquire new technologies, create partnerships back at home and pave the way for future investments in a targeted country.

"The world economy is entering a new danger zone this autumn. China's structural challenges occur in the current international context of slowing growth and weakening confidence."

Robert Zoellick, president of the World Bank, saying China should hasten the transformation of its economy from a focus on exports to one based on consumption.

China Daily

(China Daily 09/09/2011 page14)