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ID:
168129
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| 2 |
ID:
086730
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| Publication |
2009.
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| Summary/Abstract |
China's rapidly incerasing demands for energy has been a subject for debate for years. To climate observers, the most important issue is how to safeguard energy supply and maintain economic growth. To most western analysts, the more crusial issue is how Chinese energy policies and activities will affect world energy markets and world politics.
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| 3 |
ID:
126408
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| 4 |
ID:
135940
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| Summary/Abstract |
China is sometimes accused of taking a “strategic approach” rather than a “market approach,” taking resources “off the market” and conducting a state-orchestrated, worldwide search for energy and resources. Some go even further to claim that international acquisition by China’s firms represents a national strategy which aims to use resource diplomacy to conceal its ambitions for strategic expansion. Simply stated, China’s overseas investment serves its foreign policy (more than its economic requirements).[1] These perceptions seem to derive from the fact that China’s overseas direct investment (ODI) is focused on natural resources, and is mostly conducted by state-owned enterprises (SOEs). The reality, however, is less sinister. China’s ODI reflects, and is an extension of, China’s domestic economic structure. The majority of Chinese firms involved in China’s domestic and overseas resource sectors are still SOEs, but their share is decreasing with the rapid market transition and decentralization occurring in China. China’s firms are mostly driven by profit motives and competitive pressure rather than energy security considerations or resource acquisition. The enterprises, rather than the government, generally initiate overseas resource investment decisions, although the government supports them to invest overseas.
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| 5 |
ID:
064990
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| 6 |
ID:
068332
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