CCB President Urges More Outward Direct Investment

Full article in Chinese: http://www.bocvip.com/2009-10-16/110284139.html

China should raise the proportion of outward direct investment in total overseas investment to between 20 and 40 percent from the present 6 to 7 percent, Guo Shuqing, chairman of China Construction Bank, said on Oct. 15.
Increased outward investment can contribute to expanding sources of capital for developing countries, raising supplies of commodities and diversifying China's overseas investments.
China has overseas assets of US$2.9 trillion, Guo said.