China’s total outbound investment is expected to reach US$90 billion this year, marking an increase of 15 percent over the 2012 level, China Daily quoted Commerce Minister Gao Hucheng as saying. The nation’s foreign trade has slowed significantly in the past two years, but its outbound investment is still rising, Gao was quoted as saying Friday following the ministry’s annual meeting. “Compared with inbound investment, China’s outbound investment is expected to take off in the coming years,” he said. “With the economic recovery, developed countries are in need of updated infrastructure. In developing countries, there are markets for Chinese companies to build entirely new infrastructure projects,” the minister said.
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