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Chinese outward direct investments in Europe and the control of the global value chain

Author

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  • Jean-Christophe Defraigne

    (Université Saint-Louis Bruxelles/University of Louvain)

Abstract

This article will adopt a long-term perspective on the possible evolutions of the respective role of China and Europe in the global division of labour and in international trade and how it affects the flow of Chinese outward direct investments in Europe. The Chinese leadership has been pursuing an active industrial policy to enable its national champions to move up the value chain and challenge the European incumbents. In that context, Chinese authorities have been fostering strategic asset-seeking outward direct investments by Chinese firms in the European Union to capture technology and management know-how by taking over European enterprises weakened by the crisis. This new challenge affects very differently the various European Union member states according to their level of technological development and their role in the regional division of labour between the economic centre and the periphery of the European Union. This analysis will explain the evolution and distribution of Chinese outward direct investments in Europe and provide elements for a prospective analysis of this phenomenon.

Suggested Citation

  • Jean-Christophe Defraigne, 2017. "Chinese outward direct investments in Europe and the control of the global value chain," Asia Europe Journal, Springer, vol. 15(2), pages 213-228, June.
    • Handle: RePEc:kap:asiaeu:v:15:y:2017:i:2:d:10.1007_s10308-017-0476-3
    DOI: 10.1007/s10308-017-0476-3
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    References listed on IDEAS

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    1. Peter Nolan, 2012. "Is China Buying the World?," Challenge, Taylor & Francis Journals, vol. 55(2), pages 108-118.
    2. Sapir, Andre & Aghion, Philippe & Bertola, Giuseppe & Hellwig, Martin & Pisani-Ferry, Jean & Rosati, Dariusz & Vinals, Jose & Wallace, Helen, 2004. "An Agenda for a Growing Europe: The Sapir Report," OUP Catalogue, Oxford University Press, number 9780199271498.
    3. Barry Naughton, 2007. "The Chinese Economy: Transitions and Growth," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262640643, April.
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    Cited by:

    1. Bulfone, Fabio, 2020. "The political economy of industrial policy in the European Union," MPIfG Discussion Paper 20/12, Max Planck Institute for the Study of Societies.
    2. Valentina De Marchi & Matthew Alford, 2022. "State policies and upgrading in global value chains: A systematic literature review," Journal of International Business Policy, Palgrave Macmillan, vol. 5(1), pages 88-111, March.
    3. Thomas Christiansen & Richard Maher, 2017. "The rise of China—challenges and opportunities for the European Union," Asia Europe Journal, Springer, vol. 15(2), pages 121-131, June.

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