1887

OECD Investment Policy Reviews: China 2008

Encouraging Responsible Business Conduct

image of OECD Investment Policy Reviews: China 2008

This Investment Policy Review of China 2008 reviews Chinese government efforts to encourage responsible business conduct against the backdrop of recent regulatory changes and China's increasing outward investment. It assesses the extent to which China's legal and regulatory framework for investment has been improved since the 2006 Review, including new cross-border mergers and acquisitions regulations, the Enterprise Income Tax Law, the Property Rights Law, the Anti-Monopoly Law and the latest revision of the Catalogue for Guiding Foreign Investment Industries. It also evaluates recent improvements in China's FDI statistics.

The 2008 Review provides a unique account of the motivations for and development of China's outward direct investment in recent years in light of government policy encouraging companies to "go global", focusing in particular on Chinese investment in Africa. It provides the first detailed and comprehensive analysis of the government's efforts to encourage responsible business conduct by enterprises in China and by Chinese enterprises operating abroad, highlighting in particular efforts to strengthen environmental protection and respect for core labour standards by enterprises. The Review concludes with an evaluation of enterprises' environmental conduct in China.

English

.

China's Outward Direct Investment

Following its success in opening the economy and attracting inward FDI, China has been rapidly becoming an important source of outward foreign direct investment (OFDI) in recent years. Starting from virtually no OFDI in 1979, China had accumulated USD 90.6 billion of OFDI stock overseas by the end of 2006. China’s OFDI flow and stock now stand the 4th largest and the 6th largest, respectively, among developing countries. This chapter provides a unique account of the motivations for and development of China’s OFDI in the light of government policy encouraging companies to “go global”, focusing in particular on Chinese investment in Africa. 

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error