Klinck (US Army): The Strategic Implications of Chinese Companies Going Global

From the background section:

China’s overseas direct investment (ODI) has become one of the biggest economic stories of the 21st century. In a relatively short time span, China has become the number one overseas investor amongst developing countries as well as the world’s sixth largest overseas investor overall with $150 billion invested in foreign markets. This marks a development of strategic significance with implications that go beyond simple economics.

The paper can be downloaded here.