China likely to invest over $1 trillion overseas in next 5 yearsStaff writer ▼ | November 30, 2015
China is likely to invest over $1 trillion overseas and import more than $10 trillion in commodities over the next five years, China Daily quoted Premier Li Keqiang as saying.
Investment China could help provide more flexible funding
Li said China was on track to reach its economic growth target of about 7 percent this year, and the economy was undergoing adjustments to maintain reasonable medium-to-long-term growth.
He also said China was exploring the possibility of establishing a multilateral financial institution with Central and Eastern European countries, as well as a joint fund that would be denominated in Chinese yuan.
The summit, attended by leaders of 16 Central and Eastern European countries, is set to end on Wednesday. ■