ODI set to overtake FDI 'within three years'

US, EU and Latin America to draw growing outbound investment

BEIJING - With an annual growth rate of "20 to 30 percent", outbound direct investment (ODI) will overtake foreign direct investment (FDI) "within three years", a senior Ministry of Commerce official said.

The United States, the European Union and Latin America are set to see "a rapid" increase in ODI from China, Zheng Chao, commercial counselor at the Department of Outward Investment and Economic Cooperation at the ministry, told China Daily.