February 13, 2014

China's Big Overseas Spending Spree

Brendan O'Reilly, The Diplomat

The Associated Press

While the Chinese government uses its vast financial resources to secure Beijing’s interests abroad, wealthy private Chinese citizens and corporations are on an international buying frenzy. China’s ever-increasing purchasing power is influencing every region of the globe, with some striking parallels between its overseas acquisitions and Japan’s international investments in the 1980s. However, China’s political system, a foreign policy that is often at odds with Western interests, and (counter-intuitively) its relative poverty mean that China’s global shopping spree may effect the balance of global politics in a way Japan never could.

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