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Chinese SWFs: At the Crossroad between the Visible and the Invisible Hand

In: Chinese International Investments

Author

Listed:
  • Michael Keller
  • Laura Vanoli

Abstract

China is one of the largest foreign direct investment (FDI) recipients in the world. Since the early 2000s, however, a new development has intensified and attracted considerable attention among politicians as well as academics: China’s outward FDI (OFDI). Statistics from UNCTAD confirm this trend. In 2003, Chinese OFDI accounted for only 0.5 percent of the world’s total FDI and China ranked 25th among OFDI countries. But, by 2008, China accounted for 2.8 percent of OFDI and ranked 13th (UNCTAD, 2009, p. 53). Although China’s OFDI is still marginal compared to total FDI, the growth path is impressive. China’s OFDI has increased more than 18-fold, from US$2854.65 billion in 2003 to US$52,150 billion in 2008 (UNCTAD, 2009, p. 53).

Suggested Citation

  • Michael Keller & Laura Vanoli, 2012. "Chinese SWFs: At the Crossroad between the Visible and the Invisible Hand," Palgrave Macmillan Books, in: Ilan Alon & Marc Fetscherin & Philippe Gugler (ed.), Chinese International Investments, chapter 4, pages 81-103, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-36157-7_5
    DOI: 10.1057/9780230361577_5
    as

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