Forty years of opening up: Policy support and Chinese OFDI expansion
Abstract
China’s case is unique among emerging economies with respect to outward foreign direct investment (OFDI). In less than two decades, China charted a course from OFDI restriction to facilitation, and finally to active encouragement through direct government assistance and additional programs promoting significant economic and institutional reforms. The chapter examines this evolution, detailing in particular specific support measures that encouraged OFDI expansion, and examines policy shifts from the Chinese government and host countries toward Chinese FDI.
Keywords
Outward investment; Government support; Global Financial Crisis; M&As; Belt and Road Initiative
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