Chinese Enterprises' Outward Investment
- Chinese Enterprises' Outward Investment
- Corporate Social Responsibility of Multinational Enterprises
- Mutual Learning of International Poverty Alleviation Experiences
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03,2022
【Macro】PPP Models in Latin American Infrastructure and the Investment Capacity of Chinese Enterprises
Abstract: This book is divided into two main parts. The first part (Chapters 1-5) translates and compiles research papers from authoritative Latin American institutions on PPP mechanisms, including an overview of infrastructure development in Latin America, the PPP mechanisms of key countries, and specific case studies. The second part (Chapter 6) comprises a research report authored by the project team, focusing on the analysis of the investment environment in Latin America, the capabilities of Chinese enterprises in investing in the region's infrastructure sector, and the opportunities and challenges for Chinese infrastructure enterprises investing in Latin America.
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16
03,2022
【Macro】Locational Advantages and Competitive Environment in Latin America
Abstract: This book explores the locational advantages, competitive landscapes, and investment environments across different countries and industries in Latin America from three perspectives: that of major source countries investing in the region, host countries in Latin America attracting foreign investment, and Latin American countries actively investing abroad. It aims to provide insights an...
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16
03,2022
【Country】Panama's Investment Environment and Chinese Enterprises' Responsiveness and Investment Strategies
Abstract: Panama adopts an open foreign investment policy. Since China and Panama established diplomatic relations only recently, there are still a small number of direct investment projects by Chinese enterprises in Panama. Starting with an analysis of Panama’s investment environment, this paper draws on evaluations and research findings from authoritative international institutions to sort out Panama’s location advantages and characteristics. These include general location advantages, as well as special location advantages such as the headquarters economy, the Colón Free Trade Zone and the Pacific Special Economic Zone. It also conducts a comprehensive analysis of how Chinese enterprises respond to the above location advantages. On this basis, the paper further discusses the difficulties and challenges faced by Chinese enterprises in conducting direct investment in Panama, and puts forward corresponding countermeasures and suggestions.Authors: Chen Taotao, Jin Ying, Zhang Li, Kou Chunhe
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16
03,2022
【Macro】Growth of Chinese Investment in the United States: Locational Advantages and Driving Factors
Abstract: The United States has long been the world's largest destination for foreign direct investment. Its locational advantages and investment environment are fundamental factors attracting Chinese enterprises to invest in the U.S. This is reflected not only in its mature, vast market and world-leading capabilities in high-tech research, development, and application, but also in its stable and business-friendly soft and hard investment environment. After the financial crisis, the U.S. adjusted its economic structure and industrial layout. Both the Obama and Trump administrations prioritized revitalizing manufacturing, introducing a series of preferential measures to attract multinational corporations to return and encourage foreign investment inflows. Over decades of reform and opening up, Chinese enterprises have grown amidst fierce competition in both domestic and international markets, accumulating certain capabilities in outward investment. In terms of investment in the U.S., particularly in mergers and acquisitions, Chinese enterprises have achieved notable successes and gained valuable experience.
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16
03,2022
【Country】Investing in Chile: Understanding the Role of the Chilean Government, Foreign Capital, and Its Development Orientation
Abstract: Against the backdrop of the financial crisis and the reversal of globalization trends, understanding the development orientation of host countries has become crucial. Chile has undergone a complete industrialization process encompassing pre‑industrialization, inward‑oriented industrialization, neoliberal reform, and export‑oriented development, evolving into one of the most open and competitive countries in Latin America through the joint efforts of the government and foreign capital. From the perspective of Chile’s industrialization trajectory, the role of foreign capital has progressively strengthened, and the government’s ability to guide foreign capital has gradually increased. At present, the Chilean government primarily introduces foreign capital through cooperation and openness in industries where it possesses comparative advantages, leveraging its own actions or guiding foreign capital to compensate for market failures, thereby promoting Chile’s exports and enhancing its national competitiveness. For Chinese companies, investing in Chile requires first understanding and aligning with local comparative advantages and policy directions. On this basis, they should explore the intersection between their own capabilities and Chile’s broader socio‑economic development orientation, seeking win‑win development models.Authors: Chen Taotao, Liu Shichang, Xu Run
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16
03,2022
【Country】Chinese Enterprises Investing in Peru: Capacity Building and Future Development
Abstract: Peru is a key economic partner for China. In recent years, China’s investment in Peru has grown rapidly, with a significant presence in sectors such as mining, and has diversified in terms of investment trends. China’s investment in Peru has elicited varied responses from different sectors of Peruvian society, and Chinese enterprises have gradually addressed challenges during the investment process, accumulating and sharing developmental experience. Based on field investigations of Chinese enterprises’ investments in Peru, this paper analyzes the current state of Chinese investment in Peru and the social responses to Chinese investment in the country. Additionally, drawing on relevant cases, it examines the current situation and prospects of the capability development of Chinese enterprises after investing in Peru, offering forward-looking perspectives.
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16
03,2022
【Macro】Investment Environment in Latin American Infrastructure and the Capabilities and Challenges of Chinese Infrastructure Enterprises
Abstract: Infrastructure investment is an area with vast demand in Latin America and distinct competitive advantages for China, drawing increasing attention in recent years. Looking at the historical development of the infrastructure sector in Latin America, economic fluctuations driven by commodity prices, the capacity and actions of governments, and the participation of the private sector have been key driving factors, while also posing significant risks for investors. The Public-Private Partnership (PPP) model is a major approach to infrastructure development in Latin America. The presence of numerous investors from both within and outside the region reflects the attractiveness of infrastructure investment in Latin America. However, differences in the ability of Latin American governments to manage the PPP model and their pursuit of diversified goals in infrastructure investment contribute to the considerable complexity of the region's infrastructure market. For China, although Chinese infrastructure enterprises have accumulated extensive construction experience, technical capabilities, and a certain level of international business acumen through rapid domestic infrastructure development and international operations, achieving remarkable success in overseas engineering contracting, they still face shortcomings in the PPP model. Therefore, Chinese infrastructure enterprises investing in Latin America must accurately assess the situation, identify potential opportunities and risks in infrastructure investment, adapt to local conditions, leverage their existing strengths, and actively learn the operational methods of the local PPP model to achieve mutually beneficial development with the region.
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16
03,2022
【Country】Investment Environment in Colombia and Investment Strategies for Chinese Enterprises
Abstract: Based on the trends and features of global foreign direct investment, this paper begins with an analysis of Colombia’s investment environment, focusing on the investment conditions in its infrastructure sector and manufacturing industry. Using the Colombian automotive industry as a case study, the paper elaborates on and examines the market demand, manufacturing capacity, and competitive landscape of this sector. On this basis, it further discusses the investment opportunities and challenges for Chinese enterprises in specific industries and proposes corresponding strategies.
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16
03,2022
【Macro】A Comparative Study on Outward Foreign Direct Investment Between China and Latin America
Abstract: Over the past decade, outward foreign direct investment (OFDI) from both China and Latin American countries has developed rapidly, gradually emerging as new forces in the global OFDI landscape among developing countries and regions. While both China and Latin American countries belong to the developing world, their foundations and approaches to opening up and development differ, as do their historical trajectories of OFDI and the sources of their enterprises' capabilities. This article analyzes the similarities and differences between China and Latin America in terms of trends, sectoral distribution, geographic preferences, and the nature of investing enterprises. By comparing the developmental stages of their OFDI, it explains the various differences in their OFDI characteristics and explores the underlying reasons for these distinctions. Due to differing models of reform and opening-up, China's OFDI development has shown continuity, whereas Latin American countries have experienced greater volatility. After the global financial crisis, both China and Latin America have seized opportunities for rapid growth in OFDI. In terms of OFDI capabilities, China relies predominantly on large state-owned enterprises, with investments spanning energy, mining, and a wide range of manufacturing sectors. In contrast, Latin American countries are represented mainly by well-established non-state-owned enterprises, focusing on resource-based industries and resource-intensive manufacturing.
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03,2022
【Country】Analysis of Peru's Locational Advantages, Investment Environment, and Openness Characteristics
Abstract: As a South American country with abundant resources and a high degree of openness, Peru is an important destination for Chinese enterprises investing in Latin America. Despite the geographical distance and differences in social, economic, and cultural environments between China and Peru, the investment environment in Peru exhibits unique and representative characteristics. This article studies and analyzes the trends and features of foreign capital inflows into Peru in recent years, examines its history of openness based on assessments by international institutions, and comprehensively evaluates the characteristics of its openness. Although the growth in foreign investment inflows to Peru has slowed in terms of overall volume in recent years, its outstanding resource advantages, leading investment environment in the Latin American region, and stable open policy orientation continue to attract international investors.
Tsinghua University Latin America Center
16th Floor, Block C, Tus-Tech Building,Beijing, China,10020
Tel: (86)10-62795747
Email: lac@mail.tsinghua.edu.cn
Oficina 1103, Rosario Norte 615, Santiago, Chile
Email: lac@mail.tsinghua.edu.cn