(MENAFN) According to a Chinese trade official, the country's overseas investment is set to rise by 10 percent from the previous year to USD19.67 billion, Xinhua reported.
In the January-September period, China's investment in other nations hit USD74.96 billion, up 21.6 percent on year, while the country received USD87.36 billion of overseas investment, down 1.4 percent on year.
The country's outbound investment was USD2.7 billion in 2012, but rose to USD107.8 billion in 2013, ranking the third in the world after the US and Japan, according to the Ministry of Commerce.
The 10 percent growth rate will remain for the next five years, but it is only a matter of time before China's outbound investment will exceed foreign investment into the country.
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