China’s Outbound Investment Set To Eclipse Inbound For First Time
China’s outbound direct investment is for the first time set to exceed investment into the country, highlighting the ongoing shift of global economic influence to the east.
Outbound direct investment rose 21.6 per cent in the first nine months compared with last year to $75bn and on Wednesday a senior Chinese official said that on current trends it would probably exceed inbound investment by the end of the year.
“This is just a matter of time; if it doesn’t happen this year then it will happen in the very near future,” said Zhang Xiangchen, China’s assistant minister of commerce. “China is already a capital exporting country and it is now poised to become a net exporter of capital.”
From Africa and Latin America to the US and Europe, cash-rich Chinese investors are already snapping up real estate, companies and other assets while growth at home is poised to fall to its slowest annual pace in nearly two and a half decades.
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http://www.ft.com/intl/cms/s/0/28f6b8d4-59cd-11e4-9787-00144feab7de.html#axzz3GqfSRXl5
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