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"This book treats different themes which are intrinsically linked and of extreme significance for the entire global community such as the necessity to cut emissions and transit toward a more sustainable and green economy. The content extends to the urgency to shape a new multilateralism and reinforce cooperation to achieve global goods, where the environment comes first, to the green finance which will play a fundamental role for the green transition paying particular attention to the United Nations' 2030 Agenda for Sustainable Development. A particular emphasis is given to the so-called "Dual Circulation Strategy" (DCS) which is presently becoming the priority not only for China but also for the rest of the global community. Due to the uncertainties caused by the pandemic and other external factors, China has substituted GDP growth with the so-called six guarantees which represent the six fundamental aspects of the economy and society that according to the central government must receive priority attention, and protection in economic policy to ensure economic recovery. China also introduced the concept of an "ecological civilization" through green, low-carbon economic development. One of the targets is to achieve carbon neutrality before 2060, though the rest of the global community and in particular the European Union with its Green Deal, and the US with its renewed climate policies, are pushing to reach this objective in 2050. In order to grant all these developments, 'green finance' plays a fundamental role for the success of this green transition. Therefore, a substantial part of this book explores the many aspects surrounding this theme. Due to renewables playing a very important role in the green transition, the final part of this book explores investment opportunities related to the development of these alternative sources of energy."

"This book treats different themes which are intrinsically linked and of extreme significance for the entire global community such as the necessity to cut emissions and transit toward a more sustainable and green economy. The content extends to the urgency to shape a new multilateralism and reinforce cooperation to achieve global goods, where the environment comes first, to the green finance which will play a fundamental role for the green transition paying particular attention to the United Nations' 2030 Agenda for Sustainable Development. A particular emphasis is given to the so-called "Dual Circulation Strategy" (DCS) which is presently becoming the priority not only for China but also for the rest of the global community. Due to the uncertainties caused by the pandemic and other external factors, China has substituted GDP growth with the so-called six guarantees which represent the six fundamental aspects of the economy and society that according to the central government must receive priority attention, and protection in economic policy to ensure economic recovery. China also introduced the concept of an "ecological civilization" through green, low-carbon economic development. One of the targets is to achieve carbon neutrality before 2060, though the rest of the global community and in particular the European Union with its Green Deal, and the US with its renewed climate policies, are pushing to reach this objective in 2050. In order to grant all these developments, 'green finance' plays a fundamental role for the success of this green transition. Therefore, a substantial part of this book explores the many aspects surrounding this theme. Due to renewables playing a very important role in the green transition, the final part of this book explores investment opportunities related to the development of these alternative sources of energy"--

Intro -- Contents -- Preface -- About the Authors -- Acknowledgments -- Abbreviations and Acronyms -- Introduction -- Chapter 1 Role of Reforms in China's Rise and the Need to Build a Peaceful Coexistence to Avoid other Trade Wars -- 1. China's Continued Reform Process and its Changing Priorities -- 1.1. China's reforms shaped a new economic model: Challenges and further reforms -- 1.2. China's transition toward sustainable growth: The need for new reforms -- 1.2.1. Deceleration caused by internal imbalances -- 1.3. Impact of COVID-19 and first remedies adopted by China: Introduction -- 1.4. China is seeking cooperation: A shared future for mankind -- 2. China's Opening-up: The Recipe for Success -- 2.1. China's interconnections with the rest of the world on the rise -- 2.2. China's expanded economy and changing relationships with its trade partners -- 2.3. The development of Chinese economy in the New Era -- 2.4. Impacts of China's advancements in contributing and fostering a new global economy -- 3. Extent of China's Global Integration -- 3.1. China sustains multilateralism -- 3.1.1. Strengthening and reforming the multilateral system -- 3.2. China's contribution to global governance: Brief introduction -- 3.3. Joint efforts are needed to tackle global imbalances -- 3.4. Multilateral trade cooperation and the role of the WTO and China's BRI -- 4. China Seeks Cooperation and Peaceful Coexistence, Not Confrontation -- 4.1. Resurgence of the Five Principles in building a true global community -- 4.1.1. A brief history -- 4.2. Trade rivalries: When it is necessary to wear the counterpart's pants to find workable solutions -- 4.3. Unexpected occurrences may happen: China's post-outbreak relief strategy -- 4.3.1. First measures introduced by the government.

Intro -- Contents -- Preface -- About the Authors -- Acknowledgments -- Abbreviations and Acronyms -- Introduction -- Chapter 1 Why Outward Investment from China? Introductory Explanation on China's Outbound Foreign Direct Investment (OFDI or ODI) -- 1. One Misunderstanding about Chinese Outward Investment: Building a Community with Shared Future Rather Than Ruling the World -- 1.1. Chinese colonization or Chinese integration? More simply, "globalization with Chinese characteristics" -- 1.2. Reasons and philosophy behind China's OFDI -- 1.2.1. Direct government support -- 1.2.2. The need for growing internationally -- 1.2.3. The influence of traditional Chinese culture on OFDI: Brief introduction -- 1.3. Global financial crisis and its impact on China's economy -- 1.4. Unfair competition for Chinese companies -- 1.5. One misunderstanding: China's presence overseas inevitable, tariffs only change destination of Chinese OFDI -- 2. A Brief History of Globalization -- 2.1. A bit of history: How globalization has evolved and China's involvement -- 2.2. Chinese colonization and its implications for globalization -- 2.3. Neo-liberalism and globalization -- 2.4. Disadvantages of globalization -- 3. Reasons behind China's Fast Development -- 3.1. Forty years of Chinese economic reform and development -- 3.2. Most significant events since the reform process was initiated -- 3.2.1. 11 December 2001: China joined the WTO -- 3.2.2. The Global Financial Crisis of 2008 -- 3.2.3. Trade tensions between China and The United States: A consequence of China's rapid growth? -- 3.3. The role of Chinese institutions in shaping China's success -- 4. What China has Prepared for the Next OFDI -- 4.1. Consolidation of OFDI in strategic sectors -- 4.1.1. Quality growth and more attention to the environment -- 4.2. Institutional arrangements and availability of funds.

Chinese outbound direct investment and the European Union -- Strategies and policies to attract Chinese investors in Europe -- The impact of new reforms, and further EU-China policies -- A changing China : perspectives and opportunities -- Chinese ODI in the EU market : upgrading the existing relationships -- Chinese investment in the United States : a new prospective -- EU competition policy and mergers and acquisitions control regime -- China Investment Corporation's investment in the EU market