China buys the world: The domestic politics of China’s foreign direct investment

CHINA ADVISORY - Presentation 20 Feb 2018 by Andrew Collier

There is a suspicion that there is a collective brain that directs Chinese companies’ actions, and that recent outbound acquisitions have been directed by pervasive government planning. However, China’s ambitions are complex, and there is no invisible hand. State and market capital will continue to compete. State ownership is not a sharp line, and financial constraints will slow FDI.

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