Since the turn of the millennium, China opened up internationally both in terms of its current account (trade) and its … capital account, even though the opening of the latter happened de facto, not de jure. With respect to China being Africa … that capital flows from China to Africa in the form of mainly economic cooperation projects, but also FDI contribute to an …

This paper argues that China's exchange rate policy played a critical role in its FDI boom. Devaluation of the Yuan … (Renminbi) and the policy of pegging the Yuan to the Dollar both improved China's competitiveness in attracting Foreign Direct … Japanese direct investment in China. The devaluation of the Yuan substantially enhanced inflows of direct investment from Japan …