China is transforming itself from a major exporter of goods to a major exporter of capital. By 2009 Chinese investors had established more than 13,000 companies abroad, and China was one of the world’s leading global investors. But China’s external financial flows are often opaque: the three main global destinations for Chinese FDI are the British Virgin Islands, the Cayman Islands and Luxembourg. But this new role carries profound implications for Chinese diplomacy and its economy.

The latest edition of China Analysis, published by ECFR and Asia Centre, explores Beijing’s foreign financial footprint and highlights the concerns of Chinese investors and political analysts.

Summary

– FACING THE RISKS OF THE “GOING OUT STRATEGY” –

A Road Accident: the Inside Story of the Polish Highway that wasn’t Built by Chinese Firms (Jade Le Van)

The “Going Out” Strategy: Economic Moves with Political Consequences (Thomas Vendryes)

Mapping Out and Sequencing the “Going Out” Strategy (Cheng Gong)

How Best to Avoid Political Risks Abroad? (François Godement)

Ont contribué à ce numéro: David Bénazéraf, Antoine Bondaz, Gong Cheng, Jérôme Doyon, François Godement, Zhou Hewei, Romain Lafarguette, Tanguy Le Pesant, Jade Le Van, Marie-Hélène Schwoob, Thomas Vendryes

China Analysis Facing The Risks Of The Going Out Strategy January2012