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| July 23, 2013 Your Weekly Update from The Heritage Foundation's Asian Studies Center |  |  |  |
 China’s Steady Global Investment: American Choices
By Derek Scissors, Ph.D.
The tidal wave of Chinese investment around the world predicted by some and feared by others has not materialized and is unlikely to. Various obstacles to overseas spending by the People’s Republic of China (PRC) kept growth moderate in the first half of 2013. Energy was again the focus, but the dominance of state-owned enterprises has begun to ease.
Explore the updated China Global Investment Tracker now >> The Heritage Foundation offers the only public dataset of Chinese outward investment. The China Global Investment Tracker includes almost 500 investments of $100 million or more recorded from January 1, 2005, through June 30, 2013. It also includes over 300 engineering and construction projects undertaken by Chinese enterprises overseas, which are a crucial part of the country’s global footprint. Finally, the tracker includes over 100 troubled transactions, where projects or acquisitions were impaired. |
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The ultimate proof of generalship, Sun-Tzu observed nearly two millennia ago, is the ability to defeat an opponent without fighting. Fast-forward to the 21st century, and we find that the People's Republic of China has updated Sun-Tzu’s playbook.
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There has been a sharp reduction in the number of drone attacks conducted in Pakistan this year compared to the last three. But until Islamabad cracks down more aggressively on groups attacking U.S. interests in the region and beyond, drones will remain an essential tool for fighting global terrorism.
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 | About The Heritage Foundation
Founded in 1973, The Heritage Foundation is a research and educational institute -- a think tank -- whose mission is to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense. |
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