The Challenges of Chinese Outward Investment in Developed Countries: The Case of CITIC Pacific's Sino Iron Project in Australia
Article first published online: 16 APR 2013
© 2013 Wiley Periodicals, Inc.
Thunderbird International Business Review
Volume 55, Issue 3, pages 313–322, May/June 2013
How to Cite
Sun, S. L., Zhang, Y. and Chen, Z. (2013), The Challenges of Chinese Outward Investment in Developed Countries: The Case of CITIC Pacific's Sino Iron Project in Australia. Thunderbird Int'l Bus Rev, 55: 313–322. doi: 10.1002/tie.21546
- Issue published online: 16 APR 2013
- Article first published online: 16 APR 2013
Sino Iron is a multibillion-dollar magnetite iron ore project located in Cape Preston, a remote region in western Australia. Acquired by China International Trust and Investment Company (CITIC) Pacific for 100 percent of its equity, Sino Iron is China's most significant investment in the Australian natural resources sector and is the largest magnetite mining and processing operation under construction in Australia. Written from the perspective of Dr. Hua Dongyi, the executive chairman of the Sino Iron project, this case highlights the significant challenges faced by Chinese companies venturing overseas, including government relations, labor relations, and social and environmental responsibility. © 2013 Wiley Periodicals, Inc.
This research was supported in part by the Bloch Summer Research Grants, University of Missouri–Kansas City. We appreciate helpful comments from the three anonymous reviewers, Professors Mike W. Peng, and John Cantwell. The views expressed are those of the authors and not those of the sponsor.