chapter  5
Chinese MNCs in Latin America: Gaston Fornes and Alan Butt-Philip
Pages 20

Introduction The Chinese economy has become the world’s fourth largest and, by some estimates, “could be the world’s largest by 2025 in terms of purchasing power parity” (IADB 2004: 1). Although the Chinese domestic market is still far from mature many Chinese companies have started to look for opportunities abroad. It has been suggested that this international expansion is aimed at acquiring resources from Western economies in the form of knowledge, products, technology or even strategic positioning to secure the supply of raw materials. It has also been suggested that the Chinese outward internationalization process differs from patterns seen in other countries (Boisot and Child 1996; Buckley et al. 2007; Child and Rodrigues 2005; Child and Tse 2001).