Advancing Domestic Development Through Overseas Investment

East Asia Forum Quarterly, 5(3), 32-33, 2013

3 Pages Posted: 15 May 2014 Last revised: 5 Apr 2015

See all articles by Karl P. Sauvant

Karl P. Sauvant

Columbia University - Columbia Center on Sustainable Investment

Victor Zitian Chen, PhD, CFA

Fidelity Investments

Date Written: September 1, 2013

Abstract

With US$84 billion of outward foreign direct investment (OFDI) flows, China became the world’s third-largest outward investor in 2012, behind the United States and Japan. This signals impressive progress given that the country ranked only 20th a decade ago, when the ‘going global’ policy was launched and outflows during 2000-03 averaged US$3 billion. What are the salient features of these flows and why and how is the government helping Chinese firms to invest abroad? Apart from the speed with which China’s OFDI flows have grown, three features are particularly noteworthy.

Suggested Citation

Sauvant, Karl P. and Chen, Victor Zitian, Advancing Domestic Development Through Overseas Investment (September 1, 2013). East Asia Forum Quarterly, 5(3), 32-33, 2013, Available at SSRN: https://ssrn.com/abstract=2436681

Karl P. Sauvant

Columbia University - Columbia Center on Sustainable Investment ( email )

Columbia Law School
435 W 116th Street
New York, NY 10027
United States

HOME PAGE: http://https://works.bepress.com/karl_sauvant/388/

Victor Zitian Chen (Contact Author)

Fidelity Investments ( email )

United States

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