A Chinese Ministry of Commerce official told Xinhua that the country’s overseas investments have been growing at a high speed. “If the world economy continues to improve, in three or four years, Chinese enterprises’ annual foreign direct investment is expected to exceed US$100 billion, an amount commensurate with the current annual absorption of foreign capital. This brings the hope that China will soon become a net capital exporter.”
In 2010, China invested US$59 billion in 122 countries and regions. According to a UN report, last year saw China become the third largest investor in Latin America. Despite the high growth of outbound investment, risks are increasing. Some governments have prevented China from investing in some industries, with the belief that Beijing’s support of certain large companies results in unfair competition.
Source: Xinhua, May 17, 2011