Chinese SWFs: At the Crossroad between the Visible and the Invisible Hand

Michael Keller and Laura Vanoli

Chapter 4 in Chinese International Investments, 2012, pp 81-103 from Palgrave Macmillan

Abstract: Abstract China is one of the largest foreign direct investment (FDI) recipients in the world. Since the early 2000s, however, a new development has intensified and attracted considerable attention among politicians as well as academics: China’s outward FDI (OFDI). Statistics from UNCTAD confirm this trend. In 2003, Chinese OFDI accounted for only 0.5 percent of the world’s total FDI and China ranked 25th among OFDI countries. But, by 2008, China accounted for 2.8 percent of OFDI and ranked 13th (UNCTAD, 2009, p. 53). Although China’s OFDI is still marginal compared to total FDI, the growth path is impressive. China’s OFDI has increased more than 18-fold, from US$2854.65 billion in 2003 to US$52,150 billion in 2008 (UNCTAD, 2009, p. 53).

Keywords: Foreign Direct Investment; Investment Strategy; Outward Foreign Direct Investment; Foreign Exchange Reserve; Foreign Reserve (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-36157-7_5

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DOI: 10.1057/9780230361577_5

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