Chinese outward direct investment （ODI） appears to differ from that of advanced economies. Is there a unique China model？ By reviewing industry distributions of ODI data for 2003-2009, we found that Chinese ODl was...Chinese outward direct investment （ODI） appears to differ from that of advanced economies. Is there a unique China model？ By reviewing industry distributions of ODI data for 2003-2009, we found that Chinese ODl was not concentrated in industries that performed well either in exporting or domestically. Statistical analyses also confirmed that traditional variables, such as market size, production cost and legal environment, did not impact Chinese investors＂ choice of location for ODI. lnstead, investors selected places where they couM either learn advanced technologies or secure stable commodity supplies. We have tentatively concluded that the main purpose of the China model of OD1 has not been to expand production overseas but to strengthen industries at home.展开更多
Since 1978, the bulk of foreign direct investment （FDI） has gone to the south-eastern coastal areas in China, with only a small portion received inland. With the launch of the Western Development Strategy in 2000 an...Since 1978, the bulk of foreign direct investment （FDI） has gone to the south-eastern coastal areas in China, with only a small portion received inland. With the launch of the Western Development Strategy in 2000 and the Central China Rising Strategy in 2004, the choice of investment locations has expanded to inland areas. Based on panel data covering 98 inland cities from 1999 to 2005, this study identifies location preference variables for FDI invested in China＇s inland areas, and finds that well-established factors such as natural resources and low labor costs are not important factors in determining FDI locations within China＇s inland. Instead, policy incentives and industrial agglomeration are the most important factors. The findings of the present study have policy implications for both host country authorities and multinational corporations.展开更多
基金a part of a joint research project among Australian National University,the Development Research Center of the State Council and Pcking UniversityResearch for this paper was partially funded by the Ford Foundation
文摘Chinese outward direct investment （ODI） appears to differ from that of advanced economies. Is there a unique China model？ By reviewing industry distributions of ODI data for 2003-2009, we found that Chinese ODl was not concentrated in industries that performed well either in exporting or domestically. Statistical analyses also confirmed that traditional variables, such as market size, production cost and legal environment, did not impact Chinese investors＂ choice of location for ODI. lnstead, investors selected places where they couM either learn advanced technologies or secure stable commodity supplies. We have tentatively concluded that the main purpose of the China model of OD1 has not been to expand production overseas but to strengthen industries at home.
基金the Resaerch Program of Chinese Economy Open Mode under the Innovation Base of Philosophy and Social Science,China Economic Research of Project 985 at the Renmin University of China
文摘Since 1978, the bulk of foreign direct investment （FDI） has gone to the south-eastern coastal areas in China, with only a small portion received inland. With the launch of the Western Development Strategy in 2000 and the Central China Rising Strategy in 2004, the choice of investment locations has expanded to inland areas. Based on panel data covering 98 inland cities from 1999 to 2005, this study identifies location preference variables for FDI invested in China＇s inland areas, and finds that well-established factors such as natural resources and low labor costs are not important factors in determining FDI locations within China＇s inland. Instead, policy incentives and industrial agglomeration are the most important factors. The findings of the present study have policy implications for both host country authorities and multinational corporations.
