BEIJING, Nov. 3 (Xinhua) -- The overseas investment by Chinese companies rose 1 percent year on year in the first nine months against the backdrop of drastic decrease of international investment over the same period, a senior Chinese official said Tuesday.

    Chinese companies did investment totaling 33 billion U.S. dollars in the first three quarters, despite global investment drop under the influence of the financial crisis, said Zhang Xiaoqiang, vice chairman of the National Development and Reform Commission, China's top economic planning agency.

    The trend represented Chinese firms' willingness to expand international cooperation, at the same time it also helped host economies to create jobs and boost their economic recovery, Zhangtold the China Overseas Investment Fair which opened here Tuesday,

    China has emerged as a major source of foreign direct i...

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