China's rising outbound investment: trends and issues

Wang, Mei; Qi, Zhen; Zhang, Jijing

doi:10.1504/ijpp.2017.086048

Cited by 2 publications

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“…This theory is designed to explain the rise in regulatory policies designed to restrict FDI that was adopted by host governments despite the pledges made by the G20 to resist protectionist policies. At the core of these protectionist measures appears to be the host country’s resistance to growing FDI from SOEs, predominantly from China (Wang et al, ). In light of this resistance, the Economist () poses a key question to policy makers ‘[h]ow to safeguard national security without scaring away Chinese investors’.…”

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confidence: 99%

“…As China became the second‐largest source of FDI in the 21st century (Zhang, ) with the support of the ‘Go Out’ initiative, Chinese state‐owned enterprises (SOEs) and private companies ventured abroad to acquire natural resources, technology, and markets. As FDI flows from emerging economies to advanced industrialized economies grew, several scholars have begun to link the expansion of SOEs’ FDI with the rise in investment restrictions in investment‐recipient countries (Globerman, ; Wang et al, ).…”

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The Rise of Foreign Direct Investment Regulation in Investment‐recipient Countries

Ufimtseva

2020

Global Policy

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This research paper seeks to explain why investment-recipient countries, like Australia and Canada, reject certain investments in strategic industries and shield some domestic business from foreign acquisitions. Existing studies suggest that the decision to restrict FDI is driven by national security concerns, which are often conceptualized as a catch-all concept. This paper develops a novel theoretical construct -'FDI acceptability threshold' (a maximum point of political tolerance for any given foreign investment)to provide a more nuanced understanding of government decisions to reject FDI. This theoretical construct is based on four factorsnature of the domestic firm/industry, nature of the acquirer, external opposition, and domestic backlash. Drawing on two cases of Chinese SOEs' investment in the energy sector in Australia and Canada, this paper demonstrates that investment-recipient countries are more likely to protect a domestic business where foreign ownership threatens domestic industry by exceeding FDI acceptability thresholds. Given that these thresholds are often not directly identified in the host country's policies, this paper proposes that host countries should clarify these conditions to ensure that they continue to attract FDI.

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Section: Resultsmentioning

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The Rise of Foreign Direct Investment Regulation in Investment‐recipient Countries

Ufimtseva

2020

Global Policy

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Relevancia de China en las finanzas mundiales

San-Martín-Albizuri¹,

Rodríguez‐Castellanos²

2019

ROF

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<p align="center"> </p><p align="right"> </p><p>Tras cuatro décadas de reformas estructurales, China se encuentra en un punto de inflexión histórico: de depender básicamente de las exportaciones, a ser uno de los mayores productores, consumidores e inversores del mundo, con una importante presencia en las finanzas mundiales. Es cierto que en los últimos años han aparecido problemas, y que respecto del futuro se vislumbran incertidumbres, pero las autoridades chinas disponen todavía de margen para hacerles frente, y por otra parte continúan desarrollando iniciativas destinadas a expandir la presencia del país en la economía y las finanzas mundiales.</p><p>En este trabajo en primer lugar se exponen los diversos aspectos de la presencia china en las finanzas mundiales, como son el tamaño de su sistema financiero, la tenencia de deuda externa pública estadounidense, la progresiva presencia internacional del yuan, manifestada por su entrada en la composición de los Derechos Especiales de Giro, y el incremento de las inversiones chinas en el exterior. Asimismo, se consideran las iniciativas de las autoridades chinas para incrementar la presencia de su país en el mundo, como son la “Iniciativa <em>Belt and Road</em>”, el “efecto China” como fuerza creadora de una nueva arquitectura económica y financiera mundial liderando al grupo BRICS, los acuerdos y tratados bilaterales de carácter comercial, monetario y de inversión, y el desarrollo de un mercado internacional para el oro físico en yuanes. Por último, se consideran los desafíos a los que deben hacer frente los gobernantes chinos para que tales iniciativas consigan sus objetivos.</p><p><strong> </strong></p><p> </p><div><div><p> </p></div></div>

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China's rising outbound investment: trends and issues

Cited by 2 publications

References 0 publications

The Rise of Foreign Direct Investment Regulation in Investment‐recipient Countries

The Rise of Foreign Direct Investment Regulation in Investment‐recipient Countries

Relevancia de China en las finanzas mundiales

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