China: China and China Diaspora - November 23, 2010 - Daily the Pak Banker - News - VLEX 228846015

China: China and China Diaspora

SUMMARY

According to Our Staff Reporter, in the 1980s, as the winds of liberalisation swept through PRC and it opened its doors to foreign investors, the Chinese diaspora in Singapore, Hong Kong and Taipei supported the country in pitching itself as one of the most successful exporters of manufactured goods globally.

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Pakistan, Dec. 20 -- The Chinese diaspora ' or the bamboo networks as they are called ' have always been very powerful groups and intrinsic to China's growth as asuper-power. These networks ' which remain mainly concentrated in Southeast Asia, including Singapore, Malaysia, Thailand and Indonesia ' have worked towards attracting foreign investment into China in a big way.

According to Our Staff Reporter, in the 1980s, as the winds of liberalisation swept through PRC and it opened its doors to foreign investors, the Chinese diaspora in Singapore, Hong Kong and Taipei supported the country in pitching itself as one of the most successful exporters of manufactured goods globally.

This number is based on a survey of 5,000 companies managed by overseas Chinese in various forms of crossholdings. It excludes the private companies of overseas Chinese families in Southeast Asia, which could significantly add to this figure.

A decade ago, the economic output of...

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