China's global investment may hit US$2 trillion by 2020
Chinese investment overseas is part of a 'transformation' of its economy that could see global investment worth up to US$5 trillion by 2020, an Asia Society audience heard
China has invested US$7 billion in the United States so far this year, with another US$6 billion announced, Daniel Rosen, a senior US businessman and academic, told the Asia Society in Hong Kong on Friday.
Rhodium Group, a consulting firm where Rosen is a partner, predicts that China's global investment will reach US$1 trillion to US$2 trillion by 2020. This is a relatively conservative projection compared with some more bullish forecasts which put the number as high as US$5 trillion.
Rosen is a former White House advisor on international economic policy and a member of the Council on Foreign Relations. He also serves on the board of America's National Committee for US-China Relations.
Rosen was speaking at the launch of a new Asia Society commissoned report on Chinese investment.
Rosen also spoke with the Post's Stephen Quinn about the strategy behind China's foreign investments.