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Understanding the Chinese Economies by Rongxing Guo

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Chapter 13

Inward and Outward Direct Investments

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The above photograph (taken by Lars Plougmann in the Ibn Battuta Mall in Dubai, available at http://wikipedia.org) shows the modern model of Zheng He’s ship compared to one of Columbus’s ships.

In the early fifteenth century, China was an advanced country in the world. A vast Chinese fleet, under the command of Zheng He, set sail in July 1405 from Liujia Harbor near Suzhou on a distant voyage. The purpose was to establish relations with foreign countries, to expand trade contacts and to look for treasures to satisfy the desire of the sovereign for luxuries. On board the ships were large quantities ...

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