Protection System for Investment Interests of Chinese Enterprises Abroad

55
DOI: 10.20542/0131-2227-2022-66-9-82-89
Qiuyu GAOYAN, qgaoyan1@gmail.com
National Research University Higher School of Economics, 17, Malaya Ordynka Str., Moscow, 119017, Russian Federation;
Peking University School of International Studies, Tencent Holdings Ltd “Belt and Road” Big Data Innovation Experiment Project, 5, Yiheyuan Road, Haidian District, Peking, 100871, China.

Received 26.02.2022. Revised 20.06.2022. Accepted 27.06.2022.

Acknowledgements. This article is a phased achievement of the 2020 National Social Science Fund of China (NSSFC) Major project «Reconstruction of “The ASEAN’s Centrality” within the framework of the Indo-Pacific Strategy and the study of the China–ASEAN joint construction of the “Maritime Silk Road”» (Project No. 20 & ZD145). 本文是2020年国家社科基金重大项目“印太战略下‘东盟中心地位’重构与中国—东盟共建‘海上丝绸之路’研究”(项目编号20&ZD145)的阶段性成果


Abstract. China’s direct overseas investment policy shows a significant shift from the “going global” strategy to the “One Belt, One Road” initiative. The active promotion of the government and the breakthrough initiative of state-owned enterprises became the hallmark of China’s direct investments abroad. The main advantage of direct investments of Chinese companies is the government guidance and service. The Chinese government provides political guidance and certain services to companies that implement their needs for investments abroad, helping them to go out into the outside world and securing their interests abroad. This is where the special advantages of the country come out. This article analyses legal documents, policies and regulations adopted by the Chinese government since 2000 in order to provide the protection for overseas investment of the national state and private enterprises. Only through the combination of the four components of the system, such as the adoption of laws and regulations, the implementation of regulatory policies, the adoption of preventive measures, and the use of crisis response mechanisms, it is possible to ensure the situation when the overseas investment of Chinese companies will continue to grow, and it will be possible to prevent or even avoid the adverse effects of perceived political risks in the country of investment and achieve the goal of ensuring “safe and sustainable” foreign investment. The author formulates political recommendations for the nowadays implementation of the specific advantages of the state in order to fulfill a better protection for the overseas investment interests of Chinese enterprises.

Keywords: Chinese enterprises, overseas investment, protection system, legal framework, regulatory policy, preventive measures, emergency coordination mechanism


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For citation:
Qiuyu Gaoyan Protection System for Investment Interests of Chinese Enterprises Abroad. World Eonomy and International Relations, 2022, vol. 66, no. 9, pp. 82-89. https://doi.org/10.20542/0131-2227-2022-66-9-82-89



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