Advertisement

Chinese Overseas Direct Investment into the European Union

  • Jeremy Clegg
  • Hinrich Voss

Abstract

The purpose of this chapter is to review the factors that have driven and constrained mainland Chinese investments in the EU from 2000 to 2013, and to outline the policy recommendations that arise for the EU and its Member States wishing to increase their share of Chinese foreign direct investment (FDI). The geographical focus of investment for this chapter is the EU of 27 Member States (EU-27). The narrower boundaries of the EU of 15 Member States (EU-15) will be used when we refer to time periods before 2004 (i.e. the pre-Fifth-Enlargement members).

Keywords

Chinese Firm Outward Foreign Direct Investment Chinese Investment Sovereign Wealth Fund Chinese Outward Foreign Direct Investment 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

Preview

Unable to display preview. Download preview PDF.

Unable to display preview. Download preview PDF.

References

  1. Bräutigam, D. (2011), ‘Chinese aid to Africa: what, where, why, and how much?’, in J. Golley and L. Song (eds), China Update 2011, Canberra: Australian National University.Google Scholar
  2. Buckley, P.J., Clegg, L.J., Cross, A.R., Liu, X., Voss, H. and Zheng, P. (2007), ‘The determinants of Chinese outward foreign direct investment’, Journal of International Business Studies, 38(4): 499–518.CrossRefGoogle Scholar
  3. Buckley, P.J., Voss, H., Cross, A.R. and Clegg, L.J. (2012), ‘The emergence of Chinese firms as multinationals: the influence of the home institutional environment’, in R. Pearce (ed.), China and the Multinationals: International Business and the Entry of China into the Global Economy, Cheltenham: Edward Elgar.Google Scholar
  4. Cheung, Y.-W. and Qian, X. (2009), ‘Empirics of China’s Outward Direct Investment’, Pacific Economic Review, 14(3): 312–41.CrossRefGoogle Scholar
  5. China Council for the Promotion of International Trade (2009), 2009 Survey on Current Conditions and Intention of Outbound Investment by Chinese Enterprises, Beijing: CCPIT.Google Scholar
  6. China Council for the Promotion of International Trade (2010), 2010 Survey on Current Conditions and Intention of Outbound Investment by Chinese Enterprises, Beijing: CCPIT.Google Scholar
  7. China Council for the Promotion of International Trade (2011), 2011 Survey on Current Conditions and Intention of Outbound Investment by Chinese Enterprises, Beijing: CCPIT.Google Scholar
  8. Cuervo-Cazurra, A. (2007), ‘Sequence of value-added activities in the multinationalization of developing country firms’, Journal of International Management, 13, 258–77.CrossRefGoogle Scholar
  9. Duanmu, J.-L. (2012), ‘Firm heterogeneity and location choice of Chinese Multinational Enterprise (MNEs)’, Journal of World Business., 47(1): 64–72.CrossRefGoogle Scholar
  10. Ernst & Young (2011), Destination UK: Sustaining Success in the New EconomyErnst & Young’s 2011 UK Attractiveness Survey, London: Ernst & Young.Google Scholar
  11. European Commission (2006), Upgrading the EU Investment Policy, Note for the Attention of the 133 Committee, European Commission, Issues paper. European Commission Directorate-General for Trade, Brussels, 30 May.Google Scholar
  12. European Commission (2010a), Establishing Transitional Arrangements for Bilateral Investment Agreements between Member States and Third Countries, Regulation of the EuropeanGoogle Scholar
  13. Parliament and of the Council. European Commission, Brussels, 7 July, COM (2010)344 final.Google Scholar
  14. European Commission (2010b), Towards a Comprehensive European International Investment Policy, Communication from the Commission to the Council, the European Parliament, the European Economic and Social Committee and the Committee of the Regions Brussels, 7 July, COM (2010)343 final.Google Scholar
  15. Kolstad, I. and Wiig, A. (2012), ‘What determines Chinese outward FDI?’, Journal of World Business., 47(1): 26–34.CrossRefGoogle Scholar
  16. Luo, Y., Xue, Q. and Han, B. (2009), ‘How emerging-market governments promote outward FDI: experience from China’, Journal of World Business, 45(1): 68–79.CrossRefGoogle Scholar
  17. Ministry of Commerce (MOFCOM) and Ministry of Foreign Affairs (MFA) (2004–2007), Outward Investment Catalogue, Beijing: MOFCOM and MFA.Google Scholar
  18. NBS, MOFCOM and SAFE (2010), 2009 Statistical Bulletin of China’s Outward Foreign Direct Investment (data of the National Bureau of Statistics of China (NBS), Chinese Ministry of Commerce of China (MOFCOM) and State Administration of Foreign Exchange (SAFE)), September. MOFCOM website: http://hzs.mofcom.gov.cn/accessory/201009/1284339524515.pdf.Google Scholar
  19. NBS, MOFCOM, and SAFE (2012), 2011 Statistical Bulletin of China’s Outward Foreign Direct Investment, English version (data of the National Bureau of Statistics of China (NBS), Chinese Ministry of Commerce of China (MOFCOM) and State Administration of Foreign Exchange (SAFE)), September.Google Scholar
  20. Organisation for Economic Co-operation and Development (OECD) (2008), OECD Benchmark Definition of Foreign Direct Investment, 4th edn, Paris: OECD.Google Scholar
  21. Sekine, E. (2011), ‘The governance of China Investment Corporation on its way to becoming a sophisticated institutional investor’, Nomura Journal of Capital Markets, 2(3), http://www.nicmr.com/nicmr/english/report/backno/2011win.html.Google Scholar
  22. Sun, S.L., Peng, M.W., Ren, B. and Yan, D. (2012), ‘A comparative ownership advantage framework for cross-border M&As: the rise of Chinese and Indian MNEs’, Journal of World Business, 47(1): 4–16.CrossRefGoogle Scholar
  23. SWF Institute (2011), SAFE Investment Company, http://www.swfinstitute.org/swfs/safe-investment-company/.Google Scholar
  24. Thomas, S. and Chen, J. (2011), ‘China’s Sovereign Wealth Funds: origins, development, and future roles’, Journal of Contemporary China, 20(70): 467–78.CrossRefGoogle Scholar
  25. Thomson Reuters (2013), Thomson ONE,http://banker.thomsonib.com/.
  26. UNCTAD (2009) World Investment Report 2009. UN: Geneva and New York.Google Scholar
  27. United Nations Conference on Trade and Development (UNCTAD) (2011), UNCTADstat (UNCTAD online database), New York and Geneva: United Nations. UNCTADstat, http://unctadstat.unctad.org/.Google Scholar
  28. Voss, H., Buckley, P.J. and Cross, A.R. (2009), ‘An assessment of the effects of institutional change on Chinese outward direct investment activity’, In I. Alon, J. Chang, M. Fetscherin, C. Lattemann and J.R. McIntyre (eds), China Rules: Globalization and Political Transformation, London: Palgrave Macmillan, pp. 135–65.Google Scholar

Copyright information

© Jeremy Clegg and Hinrich Voss 2014

Authors and Affiliations

  • Jeremy Clegg
  • Hinrich Voss

There are no affiliations available

Personalised recommendations