China is well-kwn as the largest recipient of foreign direct investment among developing countries. Little is kwn so far of the fact that China has become (quietly) one of the most significant third world investors in the global ecomy. This book traces the evolutionary path of China's outward investment activities and examines the political ecomy of the rapid rise of China's global businesses in the context of the ecomic reforms since 1978. The analysis of changing policy regimes for China's outward investment is complemented by detailed investigations of the rise and operation of three pioneering Chinese multinationals to illustrate this new thrust of China's engagement with the global ecomy. China's global reach examined in this study explores issues concerning China's creative responses to globalisation and the processes through which China is becoming a globalised state. The first ever book-length study of China's global investment actvivities, this book fills a signifiant gap in the literature on China's ecomic transformation and the rise of multinational corporations from developing countries.
YONGJIN ZHANG is Associate Professor at the University of Auckland, New Zealand. He has previously held research posts at both Oxford University and the Australian National University. His most recent publications include China in International Society since 1949 and Power and Responsibility in Chinese Foreign Policy.