China’s global investment strategy and industrial ambitions
The Wright USA acquisition is part of a broader pattern of Chinese investment in developed economies. AidData, a research lab at William & Mary, has documented that since 2000, Chinese state-backed entities have invested approximately US$2.1 trillion overseas, with a significant share directed at developed countries. Brad Parks, AidData’s executive director, said: “For many years, we assumed that virtually all of China’s money flows were going to developing countries. And so, it came as a great surprise to us when we realised that actually there were hundreds of billions of dollars going into