Hidden Guard for China’s Overseas Investment
Massive outflows of Chinese capital and workers have given birth to an overseas private security market estimated to be worth up to US$100 billion. This mysterious industry has various kinds of participants: there are large security companies with law enforcement backgrounds that operate under the supervision of the Ministry of Public Security; there are also irregular small firms. Recently, international security giants have also begun competing in this market.
Throughout the world, the global private security market, has established an international governance framework participated in by governments, industry associations, and enterprises. As a latecomer with huge overseas investment and strong demand for security services, how will China develop an overseas security industry that is competitive on the global market and meets the need of the Chinese government as well as Chinese businesses and citizens?