From World Factory to Global Investor

Chinese outward direct investment (ODI) is growing rapidly in recent years. As an important phenomenon in the global economy, Chinas ODI deserves more thorough analysis. This book looks at Chinas ODI activities from multi-perspectives. With the rebalancing of Chinas own structural growth and Chinas shift towards a net capital exporter, her initiatives such as "One Belt One Road (OBOR)" have brought profound implications to the traditional super-sovereign or multilateral financial and investment cooperation mechanism. As her investment destinations and investment methods become more diversified and sophisticated, this book offers unique and refreshing insight into Chinas ODI activities. The book covers the whole range of history and policy development of Chinas ODI and analyses Chinas ODI trends and characteristics in the recent years. It reviews Chinas major policy changes after the Third Plenary Session of the 18th Central Committee of the Communist Party and how they may impact Chinas ODI strategy and activities. The book addresses potential challenges and risks of rising ODI activities from practitioners perspective, and discusses how recipient countries may react and respond to the surge of Chinese capital. The book also offers policy implications and future research agenda in relation to the Chinese investments.