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World Resources Institute. Emerging Actors in Development Finance: Where Does China Stand?. Xiaomei Tan, Ph.D. Senior Associate International Financial Flow and the Environment Project World Resources Institute October 20 th , 2010. Structure.
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World Resources Institute Emerging Actors in Development Finance: Where Does China Stand? Xiaomei Tan, Ph.D. Senior Associate International Financial Flow and the Environment Project World Resources Institute October 20th, 2010
Structure • Overview of China’s overseas direct investment (ODI); • Major players in China’s ODI; • Current policy framework relevant to environmental and social standards; • What the international society can do?
Trend of China’s overseas direct investment (ODI) In 2009: China’s annual ODI accounted for 5.1% of global annual ODI; Ranked first among developing countries; Ranked fifth globally Source: China Statistics Yearbook, 2006; 2007;2008; 2009 China Foreign Investment Annual Report
Which sectors does China’s ODI focus on? Source: China Statistics Yearbook, 2006; 2007;2008
What regions does China’s ODI focus on? Source: China Statistics Yearbook, 2006; 2007;2008
Major players in China’s ODI MOC: Ministry of Commerce; SASAC: State-owned Asset Supervision and Administration Commission; NDRC: National Development and Reform Commission; SAFE: State Administration of Foreign Exchange; MOF: Ministry of Finance; CBRC: China Banking Regulatory Commission;
Procedure for certificates of approval Source: GEI, Environmental Policies on China’s Investment Overseas
Top three banks financing China’s ODI Source: 2009 EXIM Annual Report; 2009 China Development Bank Annual Report; 2009 Bank of China Annual Report
Environmental protection policy related to financing Source: China Banking Regulatory Commission (CBRC) website
Largest state-owned enterprises ranked by ODI Source: 2009 Petroleum China Annual Report; 2009 CNOOC annual report ; SinoHydro Corporation Website
Environmental protection policy related to ODIs Source: Ministry of Commerce (MOC) website
What the international society can do? • Provide analytical excellence and technical expertise; • Offer best practice examples; • Direct engagement with key decision-makers; • Convene discussions with NGOs, the private sectors and policymakers on China’s ODI.