Pattern and magnitude of China’s outward FDI in Asia
Date
2007
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Regional Research Institute, West Virginia University, Morgantown, WV, US
Abstract
This paper examines the pattern and magnitude of China’s outward FDI in Asia to shed light on China’s outward FDI policy development and Chinese firms’ globalization strategies. This paper first surveys previous theories on outward FDI from developing countries to provide an analytical and theoretical background for examining China’s FDI outflows. Then a review of China’s political and ideological debates over FDI policy development and multinational operations is presented to provide a historical and evolutionary policy and regulatory framework for examining the emergence and growth of China’s outward FDI. The paper then examines the characteristics, geographic distribution, and investment scale of Chinese FDI flows in Asia. Finally, the paper ends with an assessment of past and present outward FDI patterns, discussion of both “pushing” and “pulling” factors behind China’s outward FDI, and future prospects and policy implications.
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Working Paper
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Keywords
GLOBALIZATION, CHINA, FOREIGN DIRECT INVESTMENT, POLITICAL IDEOLOGIES, ASIA