China's Outward FDI and Resource-Seeking Strategy: A Case Study on Chinalco and Rio Tinto

Shujie Yao, Dylan Sutherland and Jian Chen

Asia-Pacific Journal of Accounting & Economics, 2010, vol. 17, issue 3, 313-325

Abstract: The scale and frequency of foreign direct investment (FDI) in foreign mining companies by China's large state-owned enterprises (SOEs) is still not well explained by existing investment or international business theories. This paper advances and verifies two important theoretical propositions. First, the efforts of China's big businesses to “go global” can be thought of as being part of a national power-building globalisation strategy. Second, facilitated by extended protection from the state, reaching beyond China's national boundaries, China's large SOEs raise investment capital and take risks that their foreign competitors do not. This paper uses Chinalco as a case study to illustrate these propositions.

Date: 2010
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Citations: View citations in EconPapers (11)

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DOI: 10.1080/16081625.2010.9720868

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Asia-Pacific Journal of Accounting & Economics is currently edited by Yin-Wong Cheung, Hong Hwang, Jeong-Bon Kim, Shu-Hsing Li and Suresh Radhakrishnan

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