Abstract
In response to the One Belt One Road (OBOR) initiative, China's overseas direct investment (ODI), especially whole or majority-ownership mergers and acquisitions, rose significantly in the belt-road countries, especially the ones along the continental route. Comparatively speaking, China's state-controlled acquirers played a leading role in infrastructure sectors, whereas the non-state-controlled acquirers were particularly active in non-infrastructure sectors. Central and West Asia, Western Europe and Russia are favorable destinations of Chinese ODI.
Original language | English |
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Pages (from-to) | 189-205 |
Number of pages | 17 |
Journal | China Economic Review |
Volume | 47 |
DOIs | |
Publication status | Published - Feb 2018 |
Externally published | Yes |
Keywords
- Cross-border acquisitions
- Greenfield investment
- One Belt One Road
ASJC Scopus subject areas
- Finance
- Economics and Econometrics