China's Advance into Emerging Markets - A Focus on ASEAN, Latin America and Africa
4 Pages Posted: 29 Aug 2014
Date Written: April 18, 2014
In 2001, China adopted “Go Global” as its official policy agenda, which pertains to Chinese businesses in overseas. The policy was set as the primary means of foreign economic cooperation in the 10th 5-year plan (2001-2005). Consequently, in 2009 and in 2008 were legislated. Moreover, the Export-Import Bank of China and the China Development Bank provide policy loans and preferential loans for financial support. In line with this, the Chinese government’s flexible diplomatic and political stance contributes to Chinese businesses in emerging markets.
Keywords: International Development Finance Institutions, development finance institutions (DFIs), African market, Construction, Infrastructure, China, Africa, Latin America
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