On the Big business of the Chinese Diaspora

The article is devoted to the important scientific problem of assessing the economic resources of the big business of the Chinese diaspora (overseas Chinese, in Chinese: huaqiao-huaren). The author has collected and studied statistical information on large enterprises of overseas Chinese. The author’s sample included 339 large huaqiao-huaren enterprises, for which were available the year of foundation, location of head offices, geography of branches, subsidiaries, main business sectors, market capitalization and enterprises value. The paper analyzes the geographic location and sectoral structure of large enterprises of overseas Chinese. The big capital of the Chinese diaspora is estimated both in nominal terms and in comparison with the volume of accumulated outward foreign direct investment (OFDI) of the PRC, as well as in relation to GDP and Gross fixed capital formation of individual countries and regions. The author concludes that the big business of the Chinese diaspora is closely connected with the PRC. The big capital of the Chinese diaspora covers at least 117 countries and regions of Asia (50%), America (43-46%), Europe (3-4%), Oceania (more than 1%) and Africa (about 1%), and it is a powerful force in the world. This capital is mostly accumulated in the manufacturing industry — more than 65%, of which 49.6-52.5% is in the semiconductor industry. This is especially important in connection with the US technological war against the PRC and the ban on the sale of advanced semiconductors and equipment for their production to the PRC. The Chinese diaspora also has its own financial system in the countries and regions of Asia, Europe, America, and Oceania, which also includes the PRC.Acknowledgements:Author is grateful to E.S. Bazhenova (Ph.D. in Economics, Leading Researcher, ICCA RAS), A.G. Larin (Ph.D. in Philology) and Professor A.V. Ostrovsky (Dr.Sc. in Economics, Chief Researcher, IOS RAS) for valuable comments and recommendations that helped improve the original text of the article.

Chinese diaspora (Overseas Chinese, huaqiao-huaren), big capital of the Chinese diaspora, geography of big business of overseas Chinese, sectoral structure of big capital of the Chinese diaspora