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China Foreign Investment to Be $500 Billion by 2015, Xinhua Says

May 30 (Bloomberg) -- China’s outbound foreign investment may rise to $500 billion at the end of 2015 from more than $320 billion, Xinhua News Agency reported, citing Chen Runyun, a Ministry of Commerce official.

Chinese companies will accelerate plans for overseas expansion and the amount of foreign contracted projects will reach $250 billion by the end of 2015, the official news service said, citing Chen, counselor at the ministry’s Department of Outward Investment and Economic Co-operation.

To contact Bloomberg News staff for this story: Liza Lin in Shanghai at llin15@bloomberg.net

To contact the editor responsible for this story: Joshua Fellman at jfellman@bloomberg.net

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