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tom flemming's avatar

So much here... so to start, as a new joiner I did precisely nothing to help Mujib and family but I'm glad now to be part of the community that did. All the best to you Mujib, and godspeed to Canada!

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tom flemming's avatar

So much... (2): Dreyer on Chinese ODI, soft power &c...

"Most American companies don’t tend to see Pakistan or Bangladesh or Sumatra as places they’d like to invest money in. But opportunity beckons for Chinese companies seeking markets outside their nation’s borders and finding countries with rapidly growing populations and GDPs."

Well...

As ever, a bit frustrating getting hold of good data - the (rightly valued) UN dataset from UNCTAD is very broad on foreign inbound/outbound investment but doesn't break it out bilaterally. The IMF does (for a narrower set of countries - see CDIS at https://data.imf.org/?sk=40313609-F037-48C1-84B1-E1F1CE54D6D5)

So let's take a look at their "I/ODI - Top five counterpart economies" for 2021 (most recent):

>Pakistan - top inbound, UK with 20%, China 2nd on 15%; Switzerland, Netherlands, UAE

>Bangladesh - top inbound, US with 20%, UK 11, Netherlands, Singapore, P.R.China 5th on 7%

>Indonesia - top inbound, Singapore with 27%, US 12, Japan, Netherlands, P.R.China 5th on 6%.

Dreyer may have access to finer grained data on public/private split; but with the easily explained colonial/commonwealth exception of Pakistan, IMF data don't seem to stack up with his thesis - even allowing for the US economy still being a bit larger than China's.

I'd also emphasize that these questions are always comparative. US state and private institutions may have better access than their PRC counterparts to OECD economies/sectors that better match their risk appetites. They may get to Sumatra when they are done with Sardinia.

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