BEIJING - Although the global investment environment is improving, Chinese investors are still very prudent and are unlikely to spend large amounts overseas in the short term, according to a report by the China Council for the Promotion of International Trade (CCPIT).

The report, due to be published on Tuesday, said that 26 percent of corporate interviewees had plans to invest overseas in the next 12 months, while 30 percent said they had no plans to do so.

Their outlook was more bullish in the medium term, with 61 percent of companies saying that they would increase their overseas investment over the next two to five years.