Beschreibung:
In recent years, in line with China's Going Out strategy announced in 2000, China's overseas investment activities have increased greatly and at increasing rates. By the end of 2009, the total value of China's outward foreign direct investment (OFDI) had reached US$5.6 billion (MOFCOM, NBS and SAFE 2009). Policies have played strong supporting roles in bringing about this trend by facilitating and encouraging Chinese companies to make overseas investments. This working paper summarises these policies based on an analysis of policy changes over time and identifies the main drivers of these changes. It ends by highlighting some key research questions of relevance to deepening understanding of the impacts of Chinese trade and investment in Africa. The frequency with which OFDI-related policies are issued is clearly linked with changes in the scale of OFDI investment. From 1979 to 2001, about four related policies were issued each year and overseas investments were limited. After China formally developed its strategy of Going Out in 2000, the frequency of policies increased, to more than 15 per year since 2002. The main aim of relevant policies issued since 2002 has been to boost overseas development. Nevertheless, the foundations of China's OFDI management system were laid in previous periods. Analysis of Chinese policy documents related to OFDI finds that a total of 26 central government agencies have been involved in issuing the policies. More than 50% were issued by ministry-level agencies responsible for commerce and foreign exchange management, and 20% by agencies responsible for financial management, including the Ministry of Finance, the central bank and banking regulatory agencies ...