Huge Chinese businesses spending big bucks overseas
China's interest in owning global businesses goes back to 1999 when it introduced its Go Out Policy, which gave financial incentives to invest overseas. And after the 2008 financial crisis many struggling businesses around the world turned to Chinese investors in order to survive. Now that the coronavirus pandemic has driven many of the world's countries into recession, some nations have aired concerns about overseas ownership of domestic companies, fearing that Chinese state-owned and state-linked enterprises could exploit the forthcoming economic crisis. As relations between Western countries and China have been strained of late, notably because of the US-China trade war and China's actions in Hong Kong, these worries have become even more pronounced. Click or scroll through to find out more about China's moves into Western countries and companies over the years. All dollar values in US dollars.
lovemoney staff
17 July 2020
Features
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