Dong, Baomin; Guo, Guixia - In: China Economic Review 27 (2013) C, pp. 208-226
Recent surges of China's outward FDI feature four stylized facts: China's OFDI is predominately conducted by state owned or state controlled enterprises (SOEs); a large proportion of such OFDI takes the form of cross-border M&A; most of the target firms are failing firms, which lead to poor...