101. Forty Years Development of China’s Outward Foreign Direct Investment: Retrospect and the Challenges Ahead
- Author:
- Tao Wang and Kailin Gao
- Publication Date:
- 05-2019
- Content Type:
- Working Paper
- Abstract:
- Outward foreign direct investment (OFDI) has increasingly become an importantmethod for China to integrate into the world economy. This paper comprehensivelyreviews and analyses policy development and the changing pattern of China’s OFDIover the past 40 years. We divide the development into “restricted” (1978–1999), “relaxed” (2000–2016) and “regulated” (2017 onwards) stages. This paper alsoreviews literature on the impact of Chinese OFDI on China and host countries. Despite its generally positive ef ects, large-scale and unbalanced OFDI activitieshave alarmed Chinese policy-makers. Both developing and developed host countrieshave expressed their concern over national security and the misbehavior of someChinese overseas enterprises. Therefore, greater supervision and adjustment fromquantity to quality growth is necessary for the future development of China’s OFDI.
- Topic:
- Development, History, and Foreign Direct Investment
- Political Geography:
- China and Asia