2013-10-24 Expansion of Chinese firms abroad: risks and opportunities (1)  
    2013-10-23 17:09:46     CRIENGLISH.com         Web Editor: Chen Cong




More Chinese firms are moving abroad than ever before. Both the number of firms investing abroad, and the value of Chinese investments in foreign countries are increasing.

As when any company goes international, new opportunities are brought to Chinese companies, along with new risks placing them in situations that success in the domestic market might not have prepared them for.

According to a report by the firm A Capital, based in Hong Kong, Chinese total outbound investment in 2012 totaled 77.2 billion dollars in 2012, a 14% increase from the previous year. The Economist Intelligence Unit predicts that China will become a net investor by 2017.

It marks an important transformation in the Chinese economy: It is a gradual shift away from an economic era when the Chinese economy was in many ways reliant on capital invested from abroad and low added-value manufacturing.
This is part one of a two part special on Chinese firms moving abroad.

So how can we categorise and describe Chinese investments in foreign nations? As Chinese firms expand internationally, what sort of risks and opportunities will they meet?

Ni hao, you're listening to  People In the Know, bringing you insights into the headlines in China and around the world, I'm Zheng Chenguang in Beijing.

Nathan Wakelin-King speaks to Shi Weiyi, a research associate at Tsinghua Univeristy and Warren Wisnewski, vice president of Red Moon Marketing, a firm that has helped Chinese clients enter the US market. Nathan Wakelin-King caught up with him at a conference on Chinese overseas investment held in Beijing earlier this year.
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