Motivations of Chinese Outward Direct Investment:The Sector Perspective

作     者：WANG Yali SHAO Yanmin 

作者机构：School of Economics and ManagementBeihang University Academy of Mathematics and Systems ScienceChinese Academy of Sciences Center for Forecasting ScienceChinese Academy of Sciences 

出 版 物：《Journal of Systems Science & Complexity》 (系统科学与复杂性学报（英文版）)

年 卷 期：2016年第29卷第3期

页      面：698-721页

核心收录：

学科分类：02[经济学] 0201[经济学-理论经济学] 020105[经济学-世界经济] 

基　　金：supported by the National Natural Science Foundation of China under Grant No.71103177 National Center for Mathematics and Interdisciplinary Sciences,Chinese Academy of Sciences 

主　　题：Chinese ODI doing business market-seeking resource-seeking strategic asset-seeking. 

摘      要：From the sector perspective of mining, manufacturing and services, the motivations of Chinese outward direct investment （further ODI） are discussed during the period from 2001 to 2012, acknowledging different host countries and firms＇ ownership structures. The estimated results justify that the location determinants of Chinese ODI differ between sectors, which implies tile motivation behind such investment may vary. As expected, resource-seeking is the most important motivation for Chinese ODI in mining sector; market- and strategic asset-seeking motivations are possessed by both manufacturing and services sectors. The probability of the host country receiving Chinese FDI, as well as high FDI openness and frequent bilateral trade with China is favorable for doing business. Results also suggest that the factors increasing the probability of a country being chosen as a location for Chinese ODI vary between different host countries, as do different ownership structures.