Forty Years Development of China's Outward Foreign Direct Investment:Retrospect and the Challe nges Ahead

Outwardforeign direct investment(OFDI)has increasingly become an important method for China to integrate into the world economy.This paper comprehensively reviews and analyzes policy development and the changing pattern of China's OFDI over the past 40 years.We divide the development into"...

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Published in	中国与世界经济：英文版 Vol. 27; no. 3; pp. 1 - 24
Main Authors	Bijun Wang, Kailin Gao
Format	Journal Article
Language	Chinese
Published	中国社会科学院世界经济与政治研究所 01.06.2019
Subjects	foreign exchange reserve China going out strategy outward foreign direct investment reform and opening-up policy
Online Access	Get full text
ISSN	1671-2234

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Summary:	Outwardforeign direct investment(OFDI)has increasingly become an important method for China to integrate into the world economy.This paper comprehensively reviews and analyzes policy development and the changing pattern of China's OFDI over the past 40 years.We divide the development into"restricted”(1978-1999),"relaxed"(2000-2016)and"regulated",(2017 onwards)stages.This paper also reviews literature on the impact of Chinese OFDI on China and host countries.Despite its generally positive effects,large-scale and unbalanced OFDI activities have alarmed Chinese policymakers.Both developing and developed host countries have expressed their concern over national security and the misbehavior of some Chinese overseas enterprises.Therefore,greater supervision and adjustment from quantity to quality growth is necessary for the future development of China's OFDI.
ISSN:	1671-2234