[HKIMR Working Paper No.13/2011]
(April 2011)

Abstract
We examine the empirical determinants of China’s outward direct investment (ODI) in Africa using an officially approved ODI dataset and a relatively new OECD-IMF format ODI dataset. China’s ODI is found responding to the canonical economic determinants that include the market seeking motive, the risk factor, and the resources seeking motive. It is also affected by the intensity of trade ties and the presence of China’s contracted projects. A host country’s natural resources have an impact on China’s decision on how much to invest in the country rather than on whether to invest in the country or not. China’s drive for Africa’s natural resources is mainly a recent phenomenon and, probably, became prominent after the “Going Global” policy adopted in 2002.

[관련자료]
학술보고서 : How Different are FDI and FPI Flows?: Does Distance Alter the Composition of Capital Flows?

학술보고서 : China Goes Global 2010 : Survey of Outward Direct Investment Intentions of Chinese Companies