http://www.foreignaffairs
Nolan, a British economist, answers the question in his title with
a
resounding no. It is true that in recent years China’s state-owned
enterprises have been engaged in what is often portrayed as an orgy of
acquisitions around the world, particularly in the oil and mineral
industries. But the author regards
China’s firms merely as latecomers to
the extensive global consolidation of business enterprises over the
past two decades. He helpfully documents increased global concentration
in numerous industries,
from brewing beer to building trucks. The
national identity of many global firms has become blurred: headquarters
are typically still in one place, but assets, employment, production,
and sales are widely dispersed, increasingly to emerging markets. It is
against this background that China’s foreign investment must be
assessed. While that investment has grown rapidly in recent years and
many major acquisitions have attracted public attention, in 2009 it
amounted to only
1.4 percent of the total direct foreign investments
made by the world’s rich countries, and two-thirds of it was directed to
Hong Kong and Macao. Meanwhile, China remains largely
dependent on
foreign technology, and only one indigenous Chinese firm,
Huawei, has so
far made a global impact.
中國不會買下全世界
DeepField
