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The formation of Chinese Outward FDI strategy in Africa: a historical perspective

Xu, Yue ORCID: 2012. The formation of Chinese Outward FDI strategy in Africa: a historical perspective. Harris, Simon, Kuivalainen, Olli and Stoyanova, Veselina, eds. International Business:New Challenges, New Forms, New Perspectives, The Academy of International Business, Palgrave Macmillan, pp. 83-96.

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In the past decade, China has posited Africa as one of the most important regions for carrying out its ‘go global’ strategy (Gu, 2005, p.8). The share of Chinese outward direct investment (ODI) flow to Africa increased from 2.62 per cent in 2003 to 9.82 per cent in 2008 (MOFCOM, 2009). Compared with Asia, Africa enjoyed a relatively small but strong growth rate of Chinese ODI flow (OECD, 2010). By the end of 2008, Africa has become the second largest recipient of Chinese ODI. Relative to a long-term low inflow of FDI from the global market to Africa (Naudé and Krugell, 2007), China’s proactive ODI strategy in the region is currently the subject of unprecedented attention (Large, 2008; Carmody, 2008; Carmody and Taylor, 2009).

Item Type: Book Section
Date Type: Publication
Status: Published
Schools: Business (Including Economics)
Publisher: Palgrave Macmillan
ISBN: 9781349340316
Last Modified: 03 Nov 2022 09:30

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