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From the state-centered perspective, China9s hunt for foreign energy deals has generated increasing uneasiness in international relations. By exploring Chinese national oil companies9 overseas expansion, this study finds that Chinese bureaucratic fragmentation in the context of the state9s changing relationship with state-owned enterprises has greater impact on firms9 offshore ventures than the state-centered perspective contends.

Bureaucratic Politics and Overseas Investment by Chinese State-Owned Oil Companies: Illusory Champions