RIT head Rothschild outlines blueprints

BEIJING - China's 12th Five-Year Plan (2011-2015) presents huge opportunities for Chinese and foreign investors, and UK-based RIT Capital Partners PLC plans to explore them, said Jacob Rothschild, RIT chairman.

Rothschild said he is getting his first fund ready to help Chinese companies expand overseas and bring foreign companies with advanced technologies to China.

Regarding China's 12th Five-Year Plan, he said: "The country's leaders are intent upon switching the economic driver from export to domestic consumption and have included policies designed to develop emerging industries, which will become the backbone of China's economy in the decade ahead."