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Outflows of Capital from China

Listed author(s):
  • David Wall
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    While the world has been mesmerised by China’s emergence as a major player in international trade, now being one of the world’s top ten traders, and also as an absorber of international capital (second only to the United States), China’s state-owned and other public sector enterprises have been quietly growing in importance as a source of international capital. Chinese enterprises now have foreign direct investment in virtually every country in the world and across the whole spectrum of economic activities, from merchant banking to fish processing and forestry. This paper reviews the available aggregate data on outflows of capital from China. It also examines such data as is available on individual foreign direct investments. One conclusion which emerges is that while such outflows are growing and being disbursed on a global basis there is a significant concentration in a small number countries, in particular Australia, Canada and the United States, in addition to the strong ... Alors que le monde était fasciné par l’émergence de la Chine en tant qu’acteur majeur dans le commerce international — aujourd’hui l’un des dix principaux pays exportateurs — et “grand consommateur” de capitaux internationaux (au deuxième rang après les États-Unis), les entreprises d’État et les autres entreprises du secteur public sont devenues progressivement une source de financement au niveau international. Ainsi, les firmes chinoises sont présentes par le biais des investissements directs étrangers (IDE) dans la quasi-totalité des pays et dans tous les domaines de l’activité économique (de la banque d’affaires à l’industrie de la pêche et à l’arboriculture). Ce document examine les données agrégées disponibles sur les sorties de capitaux de la Chine et sur les investissements directs étrangers privés (quand ces chiffres existent). Il montre que ces mouvements de capitaux s’accroissent et concernent le monde entier avec toutefois une forte concentration sur un nombre restreint ...

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    Paper provided by OECD Publishing in its series OECD Development Centre Working Papers with number 123.

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    Date of creation: 01 Mar 1997
    Handle: RePEc:oec:devaaa:123-en
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