The Literature on Chinese Outward FDI

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Multinational Business Review

ISSN: 1525-383X

Online from: 2003

Subject Area: International Business

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Document Information:
Title:	The Literature on Chinese Outward FDI
Author(s):	Ziyi Wei, (PhD student in International Business, Henley Business School at the University of Reading, Whiteknights, PO Box 217, Reading, Berkshire)
Citation:	Ziyi Wei, (2010) "The Literature on Chinese Outward FDI", Multinational Business Review, Vol. 18 Iss: 3, pp.73 - 112
Keywords:	Chinese OFDI, Firm specific advantages, Firm specific disadvantages, Home country, Host country
Article type:	General review
DOI:	10.1108/1525383X201000016 (Permanent URL)
Publisher:	Emerald Group Publishing Limited
Abstract:	Since China initiated its “go global” policy that promotes its overseas investment, China’s Outward Foreign Direct Investment (OFDI) has increased almost twenty times during the last 10 years, reaching $55.9 billion in 2008. The issue of internationalization of Chinese OFDI has attracted increasing attention of researchers from a business perspective. This article systematically reviews the previous studies on overseas investments by Chinese MNEs and discusses the characteristics of Chinese internationalization behavior at both firm level and country level. The internationalization of Chinese companies cannot be understood as a simple game of “catch up” with established MNEs, and more firm-level empirical studies should be carried out on how these characteristics influence firms’ strategic decisions.