China moves to further relax approval requirements on outbound investments by Chinese investors
Since the announcement of the “go global” (“走出去”) policy in 2000, the People’s Republic of China (“PRC” or “China“) has achieved a tremendous acceleration in its overseas foreign direct investment, transporting China from a country punching well below its weight in the first two decades of reform post 1979 and the opening-up policy to being one of the world’s largest exporters of capital.
The numbers coming out of China in the last few years bear witness to this phenomenal turnaround.
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