China to invest $ 500 billion in other countries by 2020

30 march 2015 | 17:30

In 2015, the volume of non-financial direct investment from China's will be increased by 10%. 

China plans to increase investment in other countries by 10% in 2015.
The size of Chinese investments in the economies of other countries will exceed $ 500 billion by 2020, announced the President Xi Jinping, speaking at the opening of the annual Boao Asian Economic Forum on Hainan Island.

"The Chinese economy has entered a new stage of development that will benefit all countries of the world," – he said, quoted by the BBC News.

According to China's forecast for 2015, the volume of non-financial direct investment from China will increase by the 10% this year – up to USD 3 billion.

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During his speech, Xi said that the Chinese economy "has necessary capacity and flexibility, and a set of political leverages." "It is impossible to estimate China's economy only in terms of growth rates," – he said.

This year, the PRC authorities expect GDP growth slowed down to 7% compared to 7.4% in 2014.

According to the Financial Times, China's economy may now be considered the largest in the world, but the country is not the richest, since its GDP per capita is still much lower than in the US.

Source: BBC

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