Chapter 14
1.We refer the interested reader to Sharman (2012) for discussions of and reasons for this interesting phenomenon of large Chinese capital flows to OFCs.
2.National Bureau of Statistics of China defines overseas direct investment as follows: “Overseas Direct Investment refers to investment made by domestic enterprises and organizations (referred to as domestic investors) in foreign countries and Hong Kong SAR, Macao SAR and Taiwan province in forms of cash, physical investment and intangible assets, and the economic activities centering on operation and management of those enterprises are under the control of domestic investors. The content of overseas direct investment mainly reflects one economic entity by investing in another ...
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