Banking on capital to go global
By Ma Guangyuan | China Daily | Updated: 2014-11-01 07:40
Since China will soon become a net capital exporter, investors and firms must be spurred to explore more lucrative markets abroad
China is expected to become a net capital exporter for the first time in its history, as its outbound direct investment is poised to cross $120 billion this year, according to the Ministry of Commerce.
Given that the actual use of foreign investment by China in the first nine months was $87.36 billion, a drop of 1.4 percent year-on-year - in sharp contrast to the 21.6 percent increase in its outward direct investment during the same period - its overseas direct investment is expected to exceed the investment in the opposite direction for the whole of 2014.
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