Premier Wen Jiabao says, “The nation is at an important stage of accelerating the steps it has taken to make outbound investments.” With China’s 12th Five-Year Plan (2011-15) supporting domestic companies to invest overseas, overseas direct investments are expected to soar at a double digit pace.
In 2011, Chinese direct investment into Europe had tripled to USD10 billion. As of Q1 2012, Europe was the most popular destination for Chinese ODI outside the resource sector at 83%. Companies in the early stages in global investment should invest as much as USD250 billion to USD500 billion in the European region by 2020.
China has indeed evolved from the world’s factory to the world’s investor.
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