Do China’s “national team”business group undertake strategic-asset-seeking OFDI外文原文.pdfVIP

The current issue and full text archive of this journal is available at /1750-614X.htm Do China’s “national team” Strategic-asset- seeking OFDI business groups undertake strategic-asset-seeking OFDI? 11 Dylan Sutherland The School of Contemporary Chinese Studies, The University of Nottingham, Nottingham, UK Abstract Purpose – This paper aims to explore the contribution of China’s largest business groups to China’s outward foreign direct investment (OFDI), looking particularly at the question of whether they contribute to strategic-asset-seeking OFDI. Design/methodology/approach – It uses national-level data and business group OFDI data to explore the sectors from which OFDI originates and destinations to which it is sent. From this conclusions are drawn as to the types of investments being made. Findings – In the national context strategic-asset-seeking OFDI from China has been rather limited to date. Instead, OFDI expansion still appears more closely linked to China’s expansion as a trading nation with a natural resource deficit. Strategic-asset-seeking OFDI when it does take place, moreover, is orchestrated to a large extent through large state controlled business groups, as is much other OFDI. Research limitations/implications – A limitation of this research is the reliance on official data and the assumed simplification that most strategic-asset-seeking OFDI is concentrated in the manufacturi