Date
19 November 2017

China outbound FDI to hit US$90 bln for 2013, paper says

China’s outbound foreign direct investment is forecast to reach US$90 billion this year, with even greater prospects for growth, the China Securities Journal reported Tuesday, citing Wang Yiming, deputy director of the National Development and Reform Commission’s Macroeconomic Research Institute. Wang said there are four ways to grow investments: through mergers and acquisitions, relocating low value-added chains, increasing support for energy and resource use, and investment to enlarge markets such as telecom and high-speed rail. Meanwhile, Jin Xu, head of the Ministry of Commerce’s Academy for International Business Officials, said China’s foreign trade is expected to reach US$4.14 trillion this year, surpassing the United States to be No.1 in the world, the report said.

– Contact HKEJ [email protected]

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