Ken Miller
Chinese executives think they are not wanted as investors in
It is true that
Never before has
Having set the stage for economic growth through its financial policies,
The Chinese government began to encourage "foreign direct investment" (FDI) from Chinese businesses in 1999, but this "go out" policy got off to a very slow start. As the need for energy and raw materials to feed
Still, there is less Chinese FDI than one might expect, and very little of it is being invested here or in other developed economies. During 2009, Chinese companies invested only
Partly because of these dynamics, the Chinese government decided early on that it could not rely exclusively on state-owned enterprises and private-sector entrepreneurs to invest overseas. In 2007, it set up a sovereign wealth fund, the
As
So far,
For now,
Available at Amazon.com:
At War with the Weather: Managing Large-Scale Risks in a New Era of Catastrophes
- Stopping Nuclear Proliferation Before It Starts
- Veiled Truths: The Rise of Political Islam in the West
- Steps to Stop Iran From Getting a Nuclear Bomb
- Iran: The Nuclear Containment Conundrum
- Iran: The Right Kind Of Containment
- China Is the Key to Handling Nuclear North Korea
- Coping With China's Financial Power
- What China's Currency Reform Means For Investors
- Russian-American Obstacles Overshadow Obama-Medvedev Meeting
- Russia's Courtship of Silicon Valley
- Ukrainian Blues: Viktor Yanukovych's Rise and Democracy's Fall
- Russia: Prisoners of the Caucasus
- The Afghan Challenge Is Far Tougher
- New Guard, Old Policy on Afghanistan
- Fear and Uncertainty in Afghanistan
- Afghanistan: Bribing the Enemy
- Afghanistan Poses Difficult Challenges
- Defining Success in Afghanistan
- Sad Stan, Famous Petraeus
- The Challenge of Reconciliation in Kenya
- The Tyranny of Unity in Zimbabwe
- Mexico: The New Cocaine Cowboys
- Under Santos Colombia Could Rise to the Next Level
- Autocrats' Latest Weapon: Indirect Censorship
- Latin America's Rich Should Be More Generous
- Castrocare in Crisis
(C) 2010 Foreign Affairs