CHINESE INVESTMENT IN AUSTRALIA LEADS OFFSHORE PLUNGE

BEIJING – China’s overseas investment increased 147% year-on-year during the first two months of 2013, surpassing inbound investment from abroad. The total amount invested was US$18.39 billion, attributed to an increase in the acquisition of energy resources abroad. Outbound investment grew 30% in 2012 compared to the year before. Overseas direct investment is predicted to overtake foreign direct investment over the next few years.