CHINA’S GLOBAL CONQUEST FOR OIL: A RESEARCH REVIEW OF CHINESE ODI

Abstract

With all natural resources at its possession and the ambition to conquer the globe, China has set its role as one of the biggest international players in the world economy. Considering liberalized policies recently employed by China, it was just a matter of time before the country shifted from being a communist state to becoming a capitalist economy. The effect of China’s ‘going out’ policy is remarkable in both developing and developed nations. China has become a phobia for western countries, especially the United States, imposing a threat for their state enterprises which cannot sustain the competition, and a lifesaver for those trying to improve their living standards. This paper will review six articles on China's outward direct investment (ODI), its formation and effect on other states.

Keywords

• oil
• China
• outward direct investment (ODI)
• Chinese National Oil Companies (NOCs)