Chinese offshore investment will reach $1.25tn over the next decade, China’s President Xi Jinping said yesterday as he opened the Asia-Pacific Economic Co-operation CEO summit in Beijing.
Mr Xi also announced a $40bn contribution to a China-initiated “Silk Road Fund” intended to invest in infrastructure to support his vision of a “new silk road and maritime silk road” to link China and the Mediterranean.
China is likely to become a net exporter of capital this year for the first time as the government reduces restrictions on outbound investment and encourages companies to look overseas for mergers and acquisitions.
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