jobs revenue: Despite this increasing pressure, Vice Commerce Minister Qian Keming urged more competitive and creditworthy Chinese enterprises, including state-owned and private enterprises, to continue to invest abroad, according to Global Times China. Based on market principles and international conventions, Chinese companies should continue foreign investment cooperation, develop and grow stronger. The official said that additional scrutiny of Chinese companies by some countries in the name of national security has had negative effects on the companies' investments abroad. They should meanwhile create more jobs and revenue for host countries in order to achieve mutual benefits and win-win results, Qian said during the press conference. However, a growing number of foreign countries and regions have been on guard against Chinese investments. Amid a global downturn of transnational investment, which fell 19 percent in 2018, China's foreign investment rose 4.2 percent to 129.8 billion, according to the MOFCOM. It added that 405 merger and acquisition projects were completed with a total value of 70.26 billion.
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