{"id":45791,"date":"2009-10-08T14:35:48","date_gmt":"2009-10-08T21:35:48","guid":{"rendered":"http:\/\/chinadigitaltimes.net\/?p=45791"},"modified":"2009-10-08T14:35:48","modified_gmt":"2009-10-08T21:35:48","slug":"its-chinas-world-we-just-live-in-it","status":"publish","type":"post","link":"https:\/\/chinadigitaltimes.net\/2009\/10\/its-chinas-world-we-just-live-in-it\/","title":{"rendered":"It&#8217;s China&#8217;s World. (We Just Live in It)"},"content":{"rendered":"<p><a href=\"http:\/\/money.cnn.com\/2009\/10\/07\/news\/international\/china_natural_resources.fortune\/index.htm?section=money_news_international\"><strong>Fortune Magazine reports<\/strong><\/a> that China is searching the globe for assets to buy with its $2.1 trillion in foreign exchange wealth:<\/p>\n<blockquote><p>In 2008, China&#8217;s investments abroad doubled from $25 billion to $50 billion. Yes, China still lags the U.S., which, as the world&#8217;s largest exporter of capital, invested $318 billion abroad last year. Yet in many ways, China has only begun. And it won&#8217;t stop anytime soon.<\/p>\n<p>Though still focused mainly on the natural resources that power its economy, China is now, slowly but surely, broadening its foreign-investment horizons. Both the government and private firms are beginning to look beyond the developing world for assets.<\/p>\n<p>Already the Chinese have bought stakes in foreign banks, utilities, and semiconductor companies. This is a hugely consequential step, both for China and for the global economy.<\/p>\n<p>In the first decade of the 21st century, China established itself as the world&#8217;s workshop. The next decade (if things go right) could see China emerge as the world&#8217;s leading exporter of capital. <\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":"<p>Fortune Magazine reports that China is searching the globe for assets to buy with its $2.1 trillion in foreign exchange wealth: In 2008, China&#8217;s investments abroad doubled from $25 billion to $50 billion. Yes, China still lags the U.S., which, as the world&#8217;s largest exporter of capital, invested $318 billion abroad last year. Yet in [&hellip;]<\/p>\n","protected":false},"author":33,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[116,2],"tags":[2666,779],"class_list":["post-45791","post","type-post","status-publish","format-standard","hentry","category-world","category-economy","tag-foreign-exchange","tag-overseas-investment","et-doesnt-have-format-content","et_post_format-et-post-format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.9 (Yoast SEO v23.9) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>It&#039;s China&#039;s World. 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