The mystery of why the second largest economy in the world invites so little into the EU
6 November 2012
Chinese Outward Investment has been one of the most exciting new developments in the global economy. In the last few years it has risen exponentially, increasing by over 50% each year since 2009. However, even as the world's second largest economy, China is still a relatively small player in terms of outward investment into Europe.
Are we expecting too much of this new flow of capital? So far, most of it is from state-owned companies rather than private, and from the Centre, rather than China's provinces. Currently, most of Europe may find Chinese outward investment complex and difficult to understand, but it is something that governments like the UK and Germany have given great attention to, with some large deals recently, involving companies like Huawei and Geely.
The British Chamber's Financial Services focus group invite Kerry Brown to brief members on the likely future trends of Chinese outward investment. Kerry is Executive Director of the China Studies Centre, Professor of Chinese Politics at the University of Sydney, as well as Team Leader of the Europe China Research and Advice Network (ECRAN) funded by the European Union. During this breakfast seminar, Kerry will advise what are the current barriers to Chinese outward investment, how can they be addressed, and how might things in this area look in the next five to ten years.
No-show Policy: Please note you must cancel your reservation in writing to the event contact staff 24 hours in advance. No-show member without notification will be charged a no-show fee of RMB 100.
Walk-in Policy: Please note that members who attend the event without prior reservation will be charged a walk-in fee of RMB 50 if spaces are still available.
Kerry leads the Europe China Research and Advice Network (ECRAN), funded by the European Commission. Prior to this he was Head of the Asia Programme at Chatham House. Educated at Cambridge, London and Leeds Universities, he worked in Japan, and the Inner Mongolian region of China, before joining the Foreign and Commonwealth Office in London. He worked in the China Section and then served as First Secretary, Beijing, from 2000 to 2003, and Head of the Indonesia East Timor Section at the FCO from 2003 to 2005.
He is the author of a 'The Cultural Revolution in Inner Mongolia' (Global Oriental 2006), 'Struggling Giant: China in the 21st Century' (Anthem 2007), 'The Rise of the Dragon - Chinese Investment Flows in the Reform Period' (Chandos 2008) and 'Friends and Enemies: The Past, Present and Future of the Communist Party of China' (Anthem 2009), 'Ballot Box China' (Zed books 2011), along with an edited collection 'China 2020' (Chandos). 'Hu Jintao, China's Silent Leader' has just been published. His 'Contemporary China' will be published by Palgrave Macmillan in early 2013 , and he is currently working on a book on Shanghai, and on the Fifth Generation leadership in China, to appear next year.
Location: The Longemont Shanghai, 1116 Yan'an Xi Lu
Cost: RMB 200, members only
Contact: Ariel Tang
Phone: +86 21 6218 5022