Transnational investments are a growing engine of globalization and have transformed world economic landscapes. They are also a crucial element of international exchanges and cooperation. The economic interdependence fostered by globalization has turned many old foes into mutually reliant trading partners.
　　China owes much of its swift and strong economic growth to influxes of foreign capital. Formerly a net recipient of cross-border investments， China has now taken the opposite role. Chinese capital is pouring outwards， propping up transnational corporations， transferring technologies and in the process boosting the welfare and development of the host countries. Although international investment has declined since the financial crisis， China’s increasing foreign investments have polarized world attention.