Outward FDI from China and its policy context, 2012

Ken Davies, Columbia University. Vale Columbia Center On Sustainable International Investment
China's outward foreign direct investment (OFDI) has continued to grow despite the uncertain global climate emerging from the recent crises. The latest Five Year Plan, which came into effect in 2011, strengthens the commitment to promote the "going global" policy. While the country's OFDI continues to go into tertiary and primary sectors, there are signs of gradual sectoral diversification. Asia, especially Hong Kong (China), remains the largest recipient of Chinese investment, with OFDI in
more » ... ler targets, including Europe, growing more rapidly. The Caribbean offshore tax havens continue to receive large amounts of Chinese OFDI. Local authorities in China are increasingly doing their bit to foster investment abroad. Unless there are any major adverse changes in domestic and external conditions, China's OFDI is likely to continue expanding and diversifying.
doi:10.7916/d8pk0qcq fatcat:4ro2mj2xmvhbzhec2xpmovjjym