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China's go out policy - a review on China's promotion policy for outward foreign direct investment from a historical perspective

Author

Listed:
  • Yushan Li

    (Institute of World Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences)

Abstract

China became the second largest outward investor for first ever in 2015. The dominant role of Chinese “go out” policy on such rising OFDI is agreed by a growing number of literatures. This paper presents historical view of that policy and discuss how the government is helping Chinese MNEs to invest abroad. Overall, the “go out” policy has been through four stages, from the initiation, to the formalization, to the expansion and to the new era. As breakthroughs have been made, the regulatory framework is still cumbersome. Although the central government is working on simplification and deregulation, the latest change of the framework might be seen as a signal of centralization. While several challenges ahead, the dominant role of Chinese SOEs in OFDI and the market asymmetry between China and other countries are two problems that worries foreign investors the most.

Suggested Citation

  • Yushan Li, 2018. "China's go out policy - a review on China's promotion policy for outward foreign direct investment from a historical perspective," IWE Working Papers 244, Institute for World Economics - Centre for Economic and Regional Studies.
    • Handle: RePEc:iwe:workpr:244
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    File URL: https://vgi.krtk.hu/publikacio/nr-244-2018-09/
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    Cited by:

    1. Katalin Völgyi & Eszter Lukács, 2021. "Chinese and Indian FDI in Hungary and the role of Eastern Opening policy," Asia Europe Journal, Springer, vol. 19(2), pages 167-187, June.

    More about this item

    Keywords

    China; go out policy; outward foreign direct investment; OFDI;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • P33 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - International Trade, Finance, Investment, Relations, and Aid

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