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Dragon on a Short Leash : An Inside-Out Analysis of China Investment Corporation

Author

Listed:
  • Sarah Eaton

    (China Centre for Economic Research)

  • Zhang Yu Xuan

Abstract

Rapid growth in the number and size of sovereign wealth funds (SWFs) in recent years has occasioned a broad-ranging policy debate about how best to accommodate or, indeed, limit the participation of these funds in the worlds capital markets. The announcement in March 2007 that China would open an SWF, with an initial investment of US $200 billion, substantially raised the pitch of this debate as pundits and policymakers around the world pondered the impact that Chinas massive foreign exchange reserves could have on world markets.

Suggested Citation

  • Sarah Eaton & Zhang Yu Xuan, 2008. "Dragon on a Short Leash : An Inside-Out Analysis of China Investment Corporation," Development Economics Working Papers 21983, East Asian Bureau of Economic Research.
    • Handle: RePEc:eab:develo:21983
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    File URL: http://www.eaber.org/node/21983
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    References listed on IDEAS

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    1. Benjamin J. Cohen, 2008. "Introduction to International Political Economy: An Intellectual History," Introductory Chapters, in: International Political Economy: An Intellectual History, Princeton University Press.
    2. Ming Zhang & Fan He, 2009. "China's Sovereign Wealth Fund: Weakness and Challenges," China & World Economy, Institute of World Economics and Politics, Chinese Academy of Social Sciences, vol. 17(1), pages 101-116, January.
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    Cited by:

    1. Oliver McPherson‐Smith, 2021. "Diversification, Khashoggi, and Saudi Arabia’s Public Investment Fund," Global Policy, London School of Economics and Political Science, vol. 12(2), pages 190-203, April.

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    More about this item

    Keywords

    China; International Finance & Investment; Sovereign Funds;
    All these keywords.

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage

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