CFIUS, Chinese MNCs’ Outward FDI, and Globalization of Business

Abstract

Internationalization of Chinese multinational corporations (MNCs) as well as regulatory bodies’ legal and procedural issues are major topics in world trade. By using literature from the areas of world trade, international law, geopolitics, global business, and globalization, this paper investigates the changing role of the Committee on Foreign Investment in the United States (CFIUS) and its interactions with Chinese and other MNCs. The study uses a longitudinal case-based research approach to analyse seven Chinese MNCs and adds value to the current literature by discussing three timely topics: Chinese MNCs? internationalization activities, the CFIUS and its regulatory approval mechanism, and globalization of business and its world trade-related issues.