China's Global Investments: Data and Transparency Challenges [Updated May 24, 2022] [open pdf - 789KB]
From the Document: "During the past 20 years, the People's Republic of China (PRC or China) has significantly increased its investment overseas. In 1999, China launched its 'Go Global Strategy' to support the expansion of Chinese firms abroad and make them more globally competitive. Since then, these firms-- many of which are closely tied to the PRC government-- have acquired foreign assets and pledged billions of dollars to finance infrastructure abroad. Many in Congress and the Biden Administration are focusing on the critical implications of China's growing global economic reach for U.S. economic and geopolitical strategic interests. [...] Data limitations, combined with the number of unknown variables that drive China's foreign economic policy decisionmaking processes, can affect how Members of Congress perceive and address the challenges that China's overseas economic activities pose to U.S. and global interests. These limitations and uncertainties also complicate efforts to understand trends and assess the ways in which China's global economic reach may differ from that of the United States."
CRS In Focus, IF12035
Congressional Research Service: https://crsreports.congress.gov/