China's investment overseas jumps 147%

China’s investments overseas climbed 147% year-on-year during the first two months of 2013, surpassing inbound investment from abroad, Agence France-Presse reported. The US$18.39 billion invested into assets abroad during the two months is the result of a broader push from Beijing to accumulate energy resources outside of its borders. Outbound investment grew 30% in 2012 compared to the year before. “It should be a trend in the long run – it is highly likely that overseas direct investment will exceed foreign direct investment in the next few years,” said Ren Xianfang, an analyst at IHS Global Insight in Beijing.