Written by Robert Taylor.
Aspiring to expedite the emergence of their country as a global economic power, in late 2000 the Chinese Communist Party (CCP) leaders launched the ‘going out strategy ‘ as one of the pillars of economic and social development, integral to which is the promotion of outward foreign direct investment. In the early years of China’s post-1978 reforms, overseas inward participation in the domestic economy had been invited to enhance managerial and technological competence. China’s outward investment now takes this process a stage further. In manufacturing, for example, the focus is on new advanced technology and expertise in specific managerial skills relating to marketing and branding. Continue reading “China’s overseas investment: Opportunities and Challenges.”