July 2, 2009
Investment in China outpacing outflow
China has been making big investments abroad but officials say these outflows are unlikely to outstrip inward foreign direct investments any time soon.
The officials and other experts said ODIs, or overseas direct investments, have surged recently but that FDIs also have kept pace, China Daily reported.
Chinalco is the Aluminum Corp. of China.
The report also said that while Chinese National Petroleum Corp. and British Petroleum won a bid to develop Iraq's biggest oilfield this week, it may not significantly raise the investment outflows this year because most deals signed in the past few months are
of small volume.