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The tapestry of Chinese capital in the Global South

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  • Ho-fung Hung

    (Johns Hopkins University)

Abstract

Though China’s capital export is not as big as many journalistic and think tank reports portray, it is definitely a rising force in shaping the context of development in many developing countries. Excluding capital flight to financial centers, most Chinese outward investment to developing regions is in the extractive, infrastructure, and trade sectors. Chinese governmental foreign aid, mostly in the form of grants and loans, has been rising in the developing world too. The form and size of China’s inroad into the Global South vary from country to country, depending on individual countries’ geopolitical and geoeconomic relation with China, as well as the countries’ natural resources endowment. The existing literature on China in the Global South focuses mostly on Africa. This paper accompanies an article collection that expands our knowledge on China’s variegated impact by looking into Argentina, Pakistan, the Philippines, and Central Asia. It also looks into how China is reshaping the structure of global politics at large.

Suggested Citation

  • Ho-fung Hung, 2018. "The tapestry of Chinese capital in the Global South," Palgrave Communications, Palgrave Macmillan, vol. 4(1), pages 1-6, December.
    • Handle: RePEc:pal:palcom:v:4:y:2018:i:1:d:10.1057_s41599-018-0123-7
    DOI: 10.1057/s41599-018-0123-7
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    References listed on IDEAS

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    1. Brautigam, Deborah, 2011. "The Dragon's Gift: The Real Story of China in Africa," OUP Catalogue, Oxford University Press, number 9780199606290.
    2. Patrick Bond, 2013. "Sub-imperialism as Lubricant of Neoliberalism: South African ‘deputy sheriff’ duty within," Third World Quarterly, Taylor & Francis Journals, vol. 34(2), pages 251-270.
    3. Simon Shen & Wilson Chan, 2018. "A comparative study of the Belt and Road Initiative and the Marshall plan," Palgrave Communications, Palgrave Macmillan, vol. 4(1), pages 1-11, December.
    4. Alvin Camba, 2017. "Inter-state relations and state capacity: the rise and fall of Chinese foreign direct investment in the Philippines," Palgrave Communications, Palgrave Macmillan, vol. 3(1), pages 1-19, December.
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    Cited by:

    1. Liu, Zhigao & Schindler, Seth & Liu, Weidong, 2020. "Demystifying Chinese overseas investment in infrastructure: Port development, the Belt and Road Initiative and regional development," Journal of Transport Geography, Elsevier, vol. 87(C).
    2. Gürel, Burak & Kozluca, Mina, 2022. "Chinese investment in Turkey: the Belt and Road Initiative, rising expectations and ground realities," LSE Research Online Documents on Economics 113841, London School of Economics and Political Science, LSE Library.

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