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12 Migration, Diaspora Abd Development: The Case Of The People's Republic Of China

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Chapter Summary

This chapter begins by giving the historical background of Chinese international migration, and the relationship between the Chinese state and the diaspora. It is followed by an analysis of the magnitude and pattern of investment by overseas Chinese in recent decades. In the chapter the illustrations highlight the role of the state as an active agent in wooing the financial, social and human capital 'stored in the diaspora'. The chapter focuses on diaspora-led or diaspora-enhanced economic development in China, providing a more comprehensive discussion on the financial capital offered by overseas Chinese. It discusses the contribution made by overseas Chinese to various aspects of the economy, namely (i) financial capital (ii) trade partners (iii) input for economic reform and (iv) functioning as bridges and 'cultural adaptors'. The chapter concludes with some policy suggestions that help in tackling the challenges of out-migration.

Keywords:China; Chinese state; diaspora-led development; international migration

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