The announcement of the Foreign Investment Risk Review Modernization (FIRRMA) marked the latest expansion to the mandate of the Council for Foreign Investment in the United States’ (CFIUS) to scrutinize foreign investment into strategic industries. With respect to Chinese investment in the US the “double policy punch” of increased capital controls from Beijing and a less welcoming investment climate in the US that caused such significant drops in Chinese investment into the US in 2017, has continued unabated into 2018.
Not unaffected by the same capital control measures, Chinese investment in EU countries in 2017 (down 17% from peak 2016 levels), still accounted for the second highest ever annual total. Despite increasingly vocal calls for a more robust bloc-wide screening mechanism, the policy environment in Europe remains more supportive of Chinese investment than in other advanced economies.
Is the recent decline in Chinese ODI into mature markets permanent? Are we likely to see longer term diversion of Chinese capital from North America to Europe? Is global acquisition becoming a less important tool in domestic companies drive to move up the value chain? The European Chamber is delighted to welcome Dan Rosen and Thilo Hanemann from Rhodium Group to tackle some of the most pressing questions surrounding the drop and potential rebound for Chinese outbound investment into OECD countries.
Agenda
15:30-16:00 Registration
16:00-16:05 Welcome remarks by Joerg Wuttke, President Emeritus, European Chamber
16:05-16:25 Overview of Chinese outbound investment numbers and the commercial/policy factors driving these trends, Thilo Hanemann, Director and Economist, Rhodium Group & Senior Policy Fellow, MERICS
16:25-16:45 The Future of Chinese investment in OECD countries, Daniel H. Rosen, Founding Partner, Rhodium Group
16:45-17:30 Moderated discussion and Q&A
Rosen and Hanemann are respective lead authors of two major reports Two Way Street and EU-China FDI: Working towards more reciprocity in investment relations that analyze investment trends into the US and the EU respectively and make constructive recommendations to policy makers to create sustainable investment relationships with China. (see below for full bios)
Opinions expressed at this event do not necessarily reflect the position of the European Union Chamber of Commerce in China
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