(Source: Xinhua News) The Ministry of Commerce (MOC) of PR China announced
Tuesday that outbound investment from the world's second-largest
economy is expected to total 150 billion U.S. dollars in 2015. The country's overseas investment is
predicted to grow by an annual rate of 17 percent during the 2011-2015
period, according to the MOC. Meanwhile, the MOC forecast that the
contract value of overseas projects will hit 180 billion U.S. dollars in
2015, while the business volume in overseas-contracted projects may hit
120 billion U.S. dollars.
Amid accelerating Chinese investment,
the ministry also predicted that the country would send 550,000 more
Chinese staff to work on these projects in 2015, with the total number
of Chinese staff working under these projects to hit one million by the
end of 2015, the MOC forecast. As of the end of 2010, Chinese-invested
overseas projects were conducted in nearly 200 countries and regions,
with outbound investment during the 2006-2010 period growing by 30
percent annually, according to the MOC. The latest data from the MOC showed that
the country's non-financial overseas direct investment totaled 23.16
billion U.S. dollars in the first four months, up 72.8 percent from a
year earlier.
