China to be net contributor of capital outflow in 2014: report  

Beijing (ECNS) -- China is expected to be a net contributor of capital outflow this year, according to a business report released on Wednesday.

The Report on Internationalization of Chinese Enterprises, co-issued by Center for China and Globalization and Social Sciences Academic Press, pointed out that this year is very likely to prove a milestone for China's foreign directed investment, as the country has been increasing investment into regions across Africa, Asia and Latin America.

China's non-financial outward direct investment from January to July this year reached $52.55 billion, up 4 percent year on year. At the same time, it utilized $71.14 billion of overseas investment, down 0.35 point year on year.

Zhang Xiangchen, assistant Ministry of Commerce minister, said at a press conference on October 22 that China is predicted to invest $120 billion directly into overseas countries and regions, with some 10 percent growth.

China's outward foreign direct investment (OFDI) has increased 36.5 percent annually since it joined the WTO in 2001. Even though global OFDI shrunk since the World financial crisis struck in 2008, and despite the European debt crisis, China has not reduced its investment scale.