Risky rewards for China's overseas investment drive
Spending spree sparks fears over nation's growing power and political motives
Thu, Nov 20, 2014 - 5:50 AM
CNOOC's US$15 billion acquisition of Canada's Nexen, completed last year, was just a fraction of the US$625 billion the country has invested abroad, much of it resources driven and also taking in other sectors including agriculture, manufacturing and banking.
CHINA'S inexorable economic rise is set to see it become a net global investor after decades of Western money flowing into the country, but analysts warn the change offers risks as well as profits.
Chinese oil behemoth CNOOC's US$15 billion acquisition of Canada's Nexen,...