“[In choosing countries to invest in,]
the Chinese seek, above all, stability
of the political situation.”
—Stephen Chan, PhD
Mr. Tanoos had to balance the requirements of the
project owners in one country with those of the in-country government.
“;e owners had management reporting requirements, and on the other hand, I had to manage
tax calculations, ;scal reporting and payments to
foreign governments,” he says.
THINK GLOBAL, ACT LOCAL
Managing project handoffs can be a balancing
act as well. While China has poured billions into
countries around the world, it has also exported
its expansive talent pool. This helps Chinese
project teams overcome communications and
coordination issues, and drives a faster pace of
progress, Dr. Chan says.
“In stand-alone infrastructural projects, the Chinese will be up against their own performance
speci;cations and delivery timetables,” he says. “So
they’ll use their own workforce. It also prevents
leakage and problems of industrial relations.”
China International Water &
Electric Corp., which operates
the Kaleta hydropower dam
in Guinea, has broken ground
on another hydropower dam
in the country.
Officials look at a
model of a railway
project that will link
China and Thailand.
During the past 10 years, China has invested more than US$1.2
trillion in projects beyond its own borders. US$128 billion flowed to
just four countries: Brazil, Nigeria, Indonesia and Italy.
China has invested in nearly 140 countries.
Source: American Enterprise Institute
BRAZIL I TALY