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1st Ld: China's building of necessary overseas infrastructure reasonable: FM

Xinhua, March 8, 2016 Adjust font size:

China is trying to build necessary infrastructure and logistical capacities in regions with a concentration of China's interests, which is reasonable, logical and consistent with international practices, Foreign Minister Wang Yi said Tuesday.

Wang made the remarks at a press conference on the sidelines of the annual session of the National People's Congress, China's national legislature.

Wang was responding to a question on China's expanding overseas interests and in particular logistical facilities in Djibouti.

China's interests are expanding overseas, 30,000 businesses are operating in the world, and millions of Chinese are working everywhere around the globe.

Last year, China's non-financial outbound investment reached 118 billion U.S. dollars, and China's overseas assets had massed to billions of dollars.

"It is a pressing task for China's diplomacy to better protect its growing overseas interests," Wang said, adding China will not take the old path of expansionism and will not be engaged in any form of power politics.

"Rather we want to pioneer the Chinese way of protecting overseas interests, one that is in tune with the trend of the times and welcomed by other parties," Wang said. Endi