Varieties of Chinese capital in African agriculture: a bounded improvisation analysis

Yuezhou Yang

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

Abstract: Debates on Chinese state capitalism and agribusiness expansion have focused on issues of China’s overseas agricultural land investments. While China-focused analyses have deepened our understanding of the complex dynamics between Chinese state-business relations and the diverse regimes of capital export, they often overlook the institutional complexities of host countries. This study addresses that gap by investigating the interplay between the agency of different types of Chinese investors and the land tenure institutions in Tanzania and Zambia. I conceptualize three distinct types of Chinese investors – cooperative competitors, flying geese, and footloose opportunists—each characterized by unique drivers and objectives for internationalization. I further theorize how these investors navigate, adapt to, and improvise within the constraints of host-state land tenure systems. Drawing on 28 comparative cases collected through multiple field trips, the analysis highlights both the differences among Chinese firms operating in the same institutional setting and the varying strategies employed by similar firms across different regulatory environments. The typology developed in this study not only sheds light on the diverse and adaptive strategies of Chinese overseas investors but also provides broader insights into how firms engage with institutional constraints across sectors and beyond Africa.

Keywords: variety of capital; China; Africa; property institutions; agricultural investments; Belt and Road Initiative (search for similar items in EconPapers)
JEL-codes: J1 (search for similar items in EconPapers)
Pages: 13 pages
Date: 2025-06-03
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Published in World Development, 3, June, 2025, 195. ISSN: 0305-750X

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