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From inward to outward direct investment--China's new growth strategy takes shape

Overview

Foreign direct investment has been a prominent feature of China’s economic landscape for the past two decades. By last August the number of foreign invested enterprises totalled 579,000, accounting for some $660 billion in asset value.

China’s burgeoning surpluses are now transforming the country’s policy priorities concerning FDI—across-the-board subsidies are giving way to targeted incentives to attract foreign capital into priority sectors and regions. As a result, China’s FDI...

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