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China’s spending on foreign resources seen rising

Posted on 03 March 2009

From Reuters: Despite a sharp dip in economic growth this year and next, Chinese investment in foreign companies should continue to surge as the country tries to lock in access to resources, a mining conference in Toronto was told on Monday.

Chinese foreign direct investment outside the financial sector hit $40.5 billion last year — up from a measly $700 million in 2001 — and should continue to climb for at least the next two years, Kobus van der Wath, managing director of business strategy firm Beijing Axis told the Prospectors and Developers conference….. Full Article: Source


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