Chinese Outward Investments – Agencies, Motives and Decision-making, (with Berkofsky, A.), CASCC Policy Brief, 01/2009. Document
China is an emerging player in international investment. Since 2004 it has by means of new more liberal policies relaxed its to date restrictive dealing with outwards investments that was mainly determined by a conservative forex regime. Domestic institutional reforms and re-structuring the finance sector have led to new hold-ups in the system that make centrally steered strategies and decision-making difficult. Simultaneously reforms in the enterprise sector have led to liberalisations for companies to carry out own, market-oriented investment transactions. China’s transformation towards an internationally investing nation is far from complete. So far, structural limitations such as lacking know how, possible investment volume and market access determine China’s limited engagement especially in industrialised countries.