By Ben Simpfendorfer of Silk Road Associates
The rise in China’s outbound investment is a divisive subject. On the one hand, some worry that Chinese multinationals will emerge as powerful competitors by leveraging their economies of scale and cheap funding. On the other hand, many firms are excited about the opportunities to collaborate with Chinese partners in their home markets.
For the most part, however, the hype is still greater than reality, and subsequent waves of investment will be very different to the one the world is currently witnessing.
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