This paper argues that it is crucial to take account of both home and host country contexts in order adequately to understand their implications for Chinese enterprises investing into foreign countries. This calls for an analysis that is sensitive to both home and host country contexts, and that...

Global value chain (GVC) analysis (e.g. Gereffi, 1994) has been developed to understand the potential for developing countries and companies to upgrade production processes and capture value. Theoretically pluralist, it provides a methodological framework for posing research questions about the...