Spending Spree|Spending

  Chinese enterprises are casting their eyes globallyin search of new investment   
  China"s economic expansion issizzling with its outward invest-ment continuing to reach newhighs. Chen Jian, Vice Minister ofCommerce revealed at the Fourth East AsiaInvestment Forum that the first quarter of2008 saw China"s overseas direct investmentrocketing by a dizzying 353 percent to $19.34billion. This figure surpasses investment forthe whole of last year.