The Myth of China’s Overseas Energy Inv…

China’s international energy investments and acquisitions have drawn much interest from foreign observers. Some analysts tend to believe that it represents a national energy procurement strategy driven by the central government. These perceptions seem to derive from the phenomenon that China’s overseas direct investment is mostly focused on energy and conducted by state-owned enterprises.There is a general lack of knowledge on how Chinese SOEs do business overseas and the nature of their relationship with the central government.

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