Historically, the bamboo network has been around for hundreds of years and its survival has sealed China’s rank as one of the most powerful economic giants in the world.
Also known as the “Chinese Commonwealth,” the bamboo network is defined as a concept that describes the economic connections between businesses run and owned by Chinese entrepreneurs in countries around Southeast Asia. Aside from playing a huge part in the commercial life of China and Southeast Asia even before the age of colonization by the Europeans, it has done its share in the expansion of Chinese-related industries and enterprises around the world.
During the turn of the 21st century after the Europeans colonized several nations in Southeast Asia, the bamboo network was represented as a thriving and enduring remote economic base of the Mainland China, serving as a strong foundation of the Overseas Chinese economy.
However, several reforms especially in the United States made it a challenge for many Chinese business owners to own American assets. As a response and a dramatic move to reduce its dependence on the Western power, China slowly and efficiently established government-owned enterprises and found a safe haven in foreign investments.
These overseas bamboo networks became the primary beneficiaries of major Chinese investment overseas, proving its adaptability and flexibility to respond to the changes of the economic climate. Today, China boasts of a massive economic size and is considered as the largest developing country in the world. Although the recent transformations and reforms in the country’s economy have been challenging and difficult, its active and strong domestic market is encouraging a healthy and dynamic business environment both in and outside the country.