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53% of Chinese firms less than 5 years old Number of Chinese subsidiaries established in Netherlands per five-year period between 1980 and 2013 250 200 150 100 11% 50 7% 2% 3% 0 Before 1980 1980-1989 1990-1999 25% 53% 2000-2004 2005-2009 2010-2013 Source: own analysis of 441 NL firms with Chinese ultimate owners in Orbis database

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