China's overseas investment set to soar, minister says

China's outbound investment is set to rise in the coming years, with its size in the next five to ten years expected to match the foreign direct investment the nation attracts, said Commerce Minister Chen Deming.

Mainland companies are encouraged to go abroad as China cannot allow its US$3.29 trillion foreign exchange reserves to depreciate further with the third round of the United States' quantitative easing, Chen said at a financial forum hosted by Caijing magazine in Beijing yesterday.

via Business feed http://www.scmp.com/business/china-business/article/1093397/chinas-overseas-investment-set-soar-minister-says