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Begin New Search Publishing Institution Asia Society Author Daniel H. Rosen

1. High Tech: The Next Wave of Chinese Investment in America

Author:
Daniel H. Rosen and Thilo Hanemann
Publication Date:
04-2014
Content Type:
Working Paper
Institution:
Asia Society
Abstract:
WHILE CHINA STARTED INVESTING AROUND THE WORLD in the early 2000s, the first waves of Chinese overseas investment targeted mostly extractive mining activities in developing countries and resource-rich advanced economies such as Australia and Canada. Over the past five years, however, Chinese capital has begun to flow into non-extractive sectors in advanced economies, increasingly targeting technology- and innovation-intensive industries. Initially, the surge of Chinese outward foreign direct investment (OFDI) in the United States largely responded to opportunities in energy and real estate, but access to technology and innovation is now becoming an important driver. In the first quarter of 2014 alone, Chinese investors announced high-tech deals worth more than $6 billion, including the takeovers of Motorola Mobility, IBM's x86 server unit, and electric carmaker Fisker.
Topic:
Economics, International Trade and Finance, and Foreign Direct Investment
Political Geography:
China, America, Canada, Asia, and Australia

2. Avoiding the Blind Alley China’s Economic Overhaul and Its Global Implications

Author:
Daniel H. Rosen
Publication Date:
10-2014
Content Type:
Special Report
Institution:
Asia Society
Abstract:
DURING THE PAST THREE DECADES, perhaps no country has turned in an economic performance as impressive and transformative as China’s. China has emerged as the world’s second largest economy and its greatest exporting nation, accumulating huge trade surpluses, vast foreign currency reserves, and enormous influence on the global economy. Despite all the attention that policymakers, business executives, and scholars have paid to China’s economic rise, much debate surrounds China’s future growth prospects. For their part, President Xi Jinping and the new generation of Chinese leaders responded to the risk of a major economic slowdown by announcing a far-reaching reform campaign at the Chinese Communist Party’s Third Plenum in November 2013. If Beijing shifts direction along the lines it has announced, the behavior of Chinese companies, government agencies, and individual members of society is likely to change in remarkable ways – and thereby create opportunities for the rest of the world. Should the reform program stall, the effects will be just as profound. Either way, China’s new policy design, and its success or failure in achieving it, will have a major influence on the international economy and stability and security in Asia and beyond. With so much at stake, and an outcome that is far from certain, there is an evident need for greater clarity about what the reform program consists of, how it is progressing, and what it means for policy and business.
Topic:
International Trade and Finance and Global Political Economy
Political Geography:
China

3. High Tech: The Next Wave of chinese investment in America

Author:
Thilo Hanemann and Daniel H. Rosen
Publication Date:
04-2014
Content Type:
Special Report
Institution:
Asia Society
Abstract:
it became evident that the world was on the cusp of a significant shift in patterns of global foreign direct investment (FDI). China, which had been a major recipient of inflows from the developed world, was poised to become a more active investor in mergers, acquisitions, and greenfield projects abroad. Therefore, the Asia Society undertook the first of a series of studies to map this shift and to suggest how these new investment flows, might benefit the United States while also enhancing U.S.–China relations. The first study, An American Open Door? Maximizing the Benefits of Chinese Foreign Direct Investment (2011), was written by Rhodium Group’s Daniel H. Rosen and Thilo Hanemann (as were subsequent joint efforts). It examined Chinese investments in the United States, prospects for their growth, potential benefits and risks, and obstructions to even greater flows in the future. Our conclusion was that flows of Chinese capital into the United States—the most open and vibrant economy in the world—were on the precipice of growing dramatically. We also concluded that in spite of political concerns, the United States had much to gain by encouraging even greater inflows from China.
Topic:
International Political Economy and Science and Technology
Political Geography:
China and America