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Q1 2016 sees higher outbound investment volume

CCTV.com

04-22-2016 09:06 BJT

Chinese companies' investments overseas increased in the first quarter of 2016. A spokesman for China's State Administration of Foreign Exchange explained the drivers behind the momentum at a press conference on Thursday.

China's direct investments overseas increased by over 50 billion US dollars in the first quarter of 2016. SAFE spokesman Wang Chunying says that is a reasonable result of China's economic development, and companies have moved from receiving investments from overseas to actively investing in other countries and economies.

Wang said that as the Chinese get more active, certain investors and corporations could be overly optimistic about overseas markets, and losses might occur when they didn't choose their investment targets wisely. However, for now the return still outweigh the risks.

China is sitting on the world's largest foreign reserve. Wang says China's belt and road initiatives will help companies become more involved internationally. Outbound direct investments will no doubt accelerate going forward.

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