According to latest reports, China invested more money abroad last year than foreign firms piled into the country.
Overseas direct investment soared more than 18 percent to an all-time high of over USD145 billion last year, exceeding the USD 135.6 billion of foreign direct investment.
Reasons:
It was a result of the enhancement of China’s strategy of encouraging Chinese firms to “go abroad” in search of growth.
China’s economy grew at its slowest pace in a quarter of a century last year, and has decelerated further.
Among these are manufacturing overcapacity, insufficient domestic demand and increasing energy and resources consumption.
