China to become biggest outward investor in 5ys – research

China is expected to become the world’s biggest overseas investor by 2020. Beijing’s global offshore assets will likely triple from $6.4 trillion, to more than $20 trillion by then, says research reported in the Financial Times (FT).

China will invest more in the developed West, much of the money come from foreign exchange reserves and portfolio investments, says joint research by Rhodium Group and Germany’s Mercator Institute for China Studies, the FT reports Friday.

However, the share of China’s direct investment is also booming. In 2000-2014, Chinese businesses directly invested €46 billion in the 28 EU countries. The UK was the biggest recipient getting €12.2 billion over the period, with Germany getting €6.9 billion .... http://rt.com/business