Maximising the benefits of Chinese foreign direct investment
11 July 2013
The coming decade will bring an unprecedented boom in Chinese capital seeking investment opportunities, but much of the world, including Australia, have been slow to embrace Chinese direct investment.
In a free event this Friday 12 July at the University of Sydney Business School's CBD campus, leading international expert Dan Rosen, Adjunct Associate Professor at Columbia University and partner at Rhodium Group (RHG), will discuss how best to maximise the benefits of Chinese foreign direct investment.
Foreign direct investment into China played a major role in China's economic boom, and US firms today account for $50 billion of nearly $1 trillion in such investment in China. However, Chinese direct investment abroad has been slow to take off and has so far been mainly focused on securing raw materials.
In 2020, it is predicted that Chinese overseas direct investment will boom, and the world will have to react.
"Dan Rosen is uniquely qualified to talk about Chinese outbound direct investment," says Professor Hans Hendrischke, Professor of Chinese Business at the University of Sydney, who will introduce the talk.
"His ideas are highly topical not only from a US but also from an Australian perspective. Chinese outbound investment will greatly increase in the coming years, and Australia's business relations with China are bound to diversify as the mining boom makes way for more fine-grained cooperation."
The seminar is run by the Australia China Business Network at the University of Sydney Business School in conjunction with the University's China Studies Centre.
About the speaker
Dan Rosen is a partner at RHG and leads the firm's work on China. Since 1993 he has been a staff member of the Peterson Institute for International Economics in Washington DC, focusing on China and authoring seven major studies. Since 2001, he has served as Adjunct Associate Professor at Columbia University, teaching graduate seminars on the Chinese economy at the School of International and Public Affairs. Rosen writes and speaks extensively on China and other emerging economy topics. His sixth book, on China-Taiwan economic relations, and his seventh, on Chinese foreign direct investment in the United States, were published in 2011. He is a frequent contributor to the Wall Street Journal and other business media, and regularly features in high-level speaking events (including for the Aspen Institute, Caixin Magazine, Bloomberg and private client functions).
From 2000 to 2001 Rosen was senior advisor for international economic policy at the White House National Economic Council and National Security Council, where he played a key role in completing China's accession to the World Trade Organization and accompanied the President to Asia for summits and state visits. Rosen is a Member of the Council on Foreign Relations, and serves on the Board of the National Committee for US-China Relations.
When: 4.30pm, Friday 12 July
Where: University of Sydney Business School CBD Campus, Level 17, Stockland Building, 133 Castlereagh Street, Sydney
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