China's Outward Foreign Investment

China's Outward Foreign Investment

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This book explores the characteristics of China's outward foreign investment, its motivation, its sector distribution, and its geographical distribution in order to illustrate the current pattern of 'merchant-state dualism' in China's overseas foreign direct investment. Merchant-state dualism is a hybrid relationship between the state and society that maintains state control over merchants, while giving them some autonomy. By investigating the interactions between business and government elites to determine Chinese outward foreign investment, and by exploring the reasons for selecting certain foreign investments in light of internal political and economic concerns and the external effect of investing in politically sensitive countries, the book highlights the political underpinnings and calculations of China's foreign investment. It thus sheds light on current merchant-state dualism by concluding that merchant-state dualism is the most suitable model for explaining contemporary Chinese government-business relations.In 2004, TCL and Italya#39;s DeLonghi together contributed 100 million dollars to set up the worlda#39;s largest production center for dehumidifiers and portable air conditioners, located in Guangzhou. TCL has also engaged in ventures with ... TCLa#39;s guiding principle, when it embarks upon a joint venture, is to maintain controlling rights over the entire operation. Specifically, TCL is good at selecting joint ventureanbsp;...

Title:China's Outward Foreign Investment
Author:Xiaofei Li
Publisher:University Press of America - 2010-08-13


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