China moves to further relax approval requirements on outbound investments by Chinese investors
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Since the announcement of the “go global” (“走出去”) policy in 2000, the People’s Republic of China (“PRC” or “China“) has achieved a tremendous acceleration in its overseas foreign direct investment, transporting China from a country punching well below its weight in the first two decades of reform post 1979 and the opening-up policy to being one of the world’s largest exporters of capital.
The numbers coming out of China in the last few years bear witness to this phenomenal turnaround.
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