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George Magnus: China's global financial diplomacy moves into higher but uncertain gear

November will be a busy time for summitry in Asia. The second week of the month will see the APEC summit in China, the East Asia summit in Myanmar, and the G-20 summit in Brisbane, Australia. While these meetings will span a broad array of economic and political issues, the topic that will not make it into any formal discussion, but which will be omnipresent, is China's international relations agenda.     

China's outward foreign investment this year could surpass its inward investment.

     The pursuit of this agenda sometimes jumps into the headlines, courtesy of tensions in the East China and South China seas, but is carried on often through global financial diplomacy and the exercise of economic and financial influence. It was recently reported, for example, that China's outward foreign direct investment (FDI) this year will surpass inward investment for the first time.

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