Chinese Outward Direct Investment Research: Theoretical Integration and Recommendations

The uniqueness of Chinese outward foreign direct investment

This article is about China’s outward foreign direct investment, a relatively new but fast-growing feature of the global economy. It is causing concern and uncertainty in many recipient countries that, more generally, happily welcome foreign direct investment. The author explores some of the reasons why. The article examines, in particular, the state ownership and management of major Chinese co...

Chinese outward direct investment : a study on macroeconomic determinants

On the basis of Dunning’s Investment Development Path (IDP) hypothesis, this paper tests the macroeconomic determinants of Chinese Offshore Direct Investment (ODI) from a home-country perspective. We review the recent firmand country-level studies on determinants of Chinese ODI. We propose a model and test seven home-country macroeconomic variables as determinants of Chinese ODI. Our results re...

Outward Direct Investment and R&D Spillovers: the China’s case

The Dragon Is Flying West: Micro-level Evidence of Chinese Outward Direct Investment

Outward direct investment (ODI) from the People’s Republic of China (PRC) is surging. A common perception is that it was driven by the country’s resourceseeking and technology-seeking motives. Using a new, unique, and comprehensive dataset that covers close to 10,000 Chinese ODI deals from 1998 to 2009, we find that in contrast to the common perception, over half of the ODI deals are in service...

Chinese Outward Foreign Direct Investment: In Search of a New Theory

In past years, China recorded a fast sustainable economic growth with an estimated average GDP growth rate of 9.7% in the period of 1980-2008, turning China into the world’s second largest economy. With an export oriented economic model, China is the most attractive developing country for FDI flows, both short and long term. In this regard, China has been able to achieve a foreign exchange rese...