China set to become net capital exporter
Updated: 2015-01-16 11:56
By Chen Jia and Zhong Nan(chinadaily.com.cn)
|
|||||||||||
China's non-financial outward direct investment reached $102.9 billion in 2014, exceeding $100 billion for the first time, a 14.1 percent year-on-year rise. [Photo/IC] |
China will become the net capital exporter as outbound investment is expected to exceed foreign direct investment soon, said the Vice Minister of Commerce Zhong Shan on Friday at a press conference.
The country's non-financial outward direct investment reached $102.9 billion in 2014, exceeding $100 billion for the first time, a 14.1 percent year-on-year rise, the official said.
China remains the third-largest outbound investor in the world.
"The outward investment will continue to grow faster than utilization of foreign investment, which will make China a net investor, thus marking a historic turning point," said Zhong.
According to official data, investment in the United States rose by 23.9 percent last year, and increased by 1.7 percent in the European Union.
Outward investment in the services sector grew by 27.1 percent, accounting for 64.6 percent of the total, while investment in mining dropped by 4.1 percent, representing a declined share of 18.8 percent.
"We will launch a batch of connectivity projects to support the establishement of overseas economic and trade cooperation zones," said Zhong. "Also we will expand investment in the manufacturing and services industries in the countries along the Belt and Road while conducting cooperation in energy and resources."
Related Stories
Outbound moves set to gain more momentum 2015-01-05 09:17
China's intl investment balance hits plus $1.8t 2014-12-30 13:58
Foreign trade poised to grow faster in 2015 2015-01-14 07:52
2015 monetary policy, prudent with fine-tuning 2015-01-14 13:38
China not sheepish about reforms in the Year of the Sheep 2015-01-14 10:36
A year of critical and fundamental change for China 2015-01-13 11:19
Today's Top News
Italian president resigns
British hospital says has suspected Ebola case
Putin not to attend Auschwitz events
Turkey to help in foiling suspects from Xinjiang
Black Box of crashed AirAsia jet retrieved
Arson attack at paper that ran Charlie Hebdo cartoons
Improved screening to secure safe blood transfusion
Ambitious course set for global airliner market
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
CES: Spotlight on Chinese gadgets |
Yearender: What happened around the globe in 2014 |
National Memorial Day for Nanjing Massacre victims |
Corrupt female officials spark debate |
Blue skies ready to greet APEC |
Growth pangs |