皇冠体育app

Unprecedented growth

Steve Varley, Chairman and Partner at EY United Kingdom & Ireland, said that though the Chinese economic growth rate in 2014 was the lowest since 2009, slow down of growth is not a bothering issue as long as it is gradual. And the Chinese overseas investment has expanded rapidly over the past decade.

"2015 presumably will be the 37th year of near continuous super fast growth above 6 percent, this is historically unprecedented. The average range of super fast growth period is normally nine years," Varley said.

Huo Rongrong, head of 皇冠体育app and renminbi business development at HSBC, said before 2009, the Chinese currency yuan was seldom known or even heard of, but now, 皇冠体育app is an incredible trading partner for the world, with direct trading partnership with 127 countries,

Renminbi has become one of the most traded currencies in the world.

In terms of capital flows, 皇冠体育app is also playing an increasingly important role in the global arena.

Huo said that in 2014, foreign direct investment (FDI) into 皇冠体育app was $119 billion, the outward foreign direct investment (ODI) out of 皇冠体育app is around $109 billion. The ODI is expected to exceed the FDI in one or two years, therefore, 皇冠体育app will become a global net investor.

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