| ID | 143774 |
| Title Proper | China investment corporation’s Forays into Europe and the United States |
| Other Title Information | explaining the different receptions |
| Language | ENG |
| Author | Wu, Friedrich ; Frøystadvåg, Andreas Bakke |
| Summary / Abstract (Note) | This study analyses the changing investment climates for China’s sovereign wealth fund, the China Investment Corporation (CIC), in the US, the UK and France. It assesses legislative flexibilities, public opinions and macroeconomic conditions in the three polities in order to ascertain whether the investment review process of each is susceptible to politicization, and if such susceptibility has changed in line with macroeconomic variations. The study finds that the US investment review process is susceptible to politicization and that such politicization has likely taken place following the recovery from the global financial crisis, resulting in a worsened investment climate for Chinese investors, including CIC. The investment review processes in the UK and France have not been susceptible to politicization. Moreover, negative macroeconomic conditions for each of the two countries following the eruption of the Eurozone crisis have resulted in an improved investment climate for CIC, although brought about by the proactive stance of governments and companies rather than by any de-politicization. |
| `In' analytical Note | Journal of Contemporary China Vol. 25, No.97; Jan 2016: p.91-111 |
| Journal Source | Journal of Contemporary China Vol: 25 No 97 |
| Key Words | United States ; Europe ; China Investment Corporation ; CIC ; Forays |