外文标题：China now world's third largest investor behind US and Japan
BEIJING: China has emerged as the world's third largest investor as foreign direct investment (FDI) from the communist giant jumped by 17.6 per cent last year defying a global pattern.
China's outbound FDI rose 17.6 per cent year-on-year in 2012 to a record high of $87.8 billion, according to the 2012 Statistical Bulletin of China's Outward Foreign Direct Investment (ODI) by the ministry of commerce.
Even as global ODI slid 17 per cent last year amid uncertainties facing the world economy, China is now world's third-largest investor, following the United States and Japan, for the first time since the country began to release the data a decade ago.
China currently holds about $3.30 trillion foreign exchange reserves. About $1.20 trillion is invested in US bonds.
China was world's sixth-largest investor in 2011, with an ODI flow of $74.65 billion. Last year's increase represented acceleration from 8.5 per cent in 2011, when the global economic recovery was weak in the face of continuing financial turmoil in Europe and the United States.
"The Chinese government introduced measures to encourage outbound direct investment in pursuit of the 'going abroad' strategy, and the country's outward FDI maintained robust growth in recent years," said Zhou Zhencheng, commercial counsellor of the department of outward investment and economic cooperation of the ministry of commerce.
Huo Jianguo, president of the Chinese Academy of International Trade and Economic Cooperation, was quoted by the state-run China Daily as saying that the surge in ODI was mainly driven by domestic enterprises eager to tap overseas markets and profit from using global resources.
"Debt crises and slowing growth in developed economies opened up great opportunities for Chinese enterprises to invest abroad, and the renminbi appreciation helped the process," Huo said.
China's non-financial ODI went up 13.3 per cent last year to $77.73 billion, accounting for 88.5 per cent of the total. Financial ODI surged 65.9 per cent to $10.07 billion, the bulletin said.
Investment in US jumped 123.5 per cent to $4.05 billion, making it the second-largest destination for China's ODI, the report said. Total ODI to developed economies was around $13.51 billion.
Chinese investors have established about 22,000 overseas enterprises in 179 countries and regions, "and about 79.2 per cent of them made profits or maintained a balance", Zhou said.
He warned that Chinese enterprises are facing rising risks and challenges, including political unrest in Africa and Southeast Asia. Other challenges include increasing competition from developed economies and restrictions in those markets.
CHINA : Rothschild and Zionists Bastion
Rothschild and crypto jews are heavily involved in China since pre communist days. This is the mystery behind its meteoric rise. They are pumping funds. How come a nation of peasants became so industrialized in just 3 decades??? any guesses?
Re: CHINA : Rothschild and Zionists Bastion
as they have advantage of control there. oppressive, corrupt,controlling and very stable regime. Plus restricted and controlled access to information.
Re: Re: CHINA : Rothschild and Zionists Bastion
by David Dak
You must be joking. Every Chinese is much well informed than indian and Chinese have much better life than indian.
Harsh Wardhan (New Delhi, India)
Sort out border issues with China. Earlier the better. There is huge business potential.
Shiv Sir ()
India will overtake by 2020
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Morgan (Australia) replies to Shiv Sir
??? How do you propose that happen? I've been hearing a lot about India overtaking China over the past decade and not in any field of benefit has it happened. India currently holds $287 Billion in forex reserves, less than 10% of China's whopping $3.5 Trillion. India's growth rate for 2012 was 6.6% off a $1.84 Trillion base, whilst China's was at 7.8% off $8.27 Trillion base. You don't have to be a genius to figure out that the trend isn't looking in India's favor for 2020.
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They will invest in MARS alsi in near future
Shaju Chermbath (Unknown)
By end of 2014 India will perform in top gear..........
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China is no doubt power of 'real' solid wealth that may give rise to enemies from developed countries.
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Patel Amit (B'da)
Do we stand any where near by. .. ... Do we have any known such statistics. .. ... Political parties should build such strength instead of giving bandh and comments over communal riots. .. ...
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