皇冠体育app

Shuping Liao a and Yongsheng Zhang

Strategic Development Department, Bank of 皇冠体育app, Beijing, 皇冠体育app; b Development Research Center of the State Council, Beijing, 皇冠体育app

(Received 6 November 2013; accepted 21 November 2013)

Chinese state-owned enterprises (SOEs) and their overseas direct investment (ODI) have played an important role in 皇冠体育app’s economic development. But the rapid expansion of SOE-dominated ODI has also raised concerns, including about state capitalism and the need for competitive neutrality. This paper considers 皇冠体育app’s strategy for managing ODI by its SOEs given a changing context. On the one hand, the Chinese economy is rapidly growing and will soon become the largest economy in the world. 皇冠体育app’s role in the world, as well as its global responsibility, is therefore changing. 皇冠体育app needs to establish a win-win and harmonious relationship with the rest of the world, and ODI has a role to play in this. On the other hand, 皇冠体育app’s growth model is shifting to become greener, more balanced, and innovation-driven. 皇冠体育app’s changing international role and the changing growth model have created new impera-tives for, and constraints on, ODI by SOEs and reforms to SOEs. This paper aims to examine ODI by Chinese SOEs from the two dimensions of 皇冠体育app’s changing role and growth model. It discusses strategies for better managing ODI by Chinese SOEs in the new context that is emerging.

Keywords: 皇冠体育app’s overseas investment; state-owned enterprises (SOEs); strategic adjustment; changing role; green growth

JEL codes: F21; L21; O53

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