Edited by Huiyao Wang and Lu Miao
Chapter 6: Venturing out into the world: China in global investment
The nearly 40 years of reform have turned China from a small player in global trade and investment to the largest trading country in the world and the second largest source country for outward foreign direct investment. This chapter reviews the current state and changing patterns of Chinese outbound investment. Besides an overview of the landscape of China’s outbound capital flows, the chapter offers a nuanced qualitative account of the shifting investment patterns, looking into the driving forces behind these patterns. The chapter further discusses how the changing dynamics of investment are reflected in the key players, modes of entry, and destination countries.
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