China’s Premier, Li Keqiang, said on Tuesday that the Asian country is likely to invest more than US$1 trillion overseas in the next five years, Chinese state-run newspaper China Daily reported.

Mr Li made his remarks in the Chinese city of Suzhou at an economic and trade forum of China and Central and Eastern European Countries.

The Premier also stated – as quoted by the media outlet – that as long as China’s annual economic growth remains above 6.5 percent in the next few years, the nation would be able to pursue its target of becoming by 2020 a high-income country. He added such an achievement would also provide fresh economic opportunities for the rest of the world.

According to the newspaper, Mr Li also said that China would probably import commodities worth more than US$10 trillion over the next five years.