The European Council on Foreign Relations and Asia Centre have published China Analysis: Facing the Risks of the ‘Going Out Strategy’, the latest edition of China Analysis. China is transforming itself from a major exporter of goods to a major exporter of capital. By 2009, Chinese investors had established more than 13,000 companies abroad, and China was one of the world’s leading global investors. But China’s external financial flows are often opaque: the three main global destinations for Chinese FDI are the British Virgin Islands, the Cayman Islands and Luxembourg. “Facing the risks of the “going out strategy””, the latest edition of ‘China Analysis’, explores Beijing’s foreign financial footprint and highlights the concerns of Chinese investors and political analysts. Click here for a pdf copy of China Analysis: Facing the Risks of the ‘Going Out Strategy’