Political Risks, Free Trade Environment and the Geographical Layout of China's OFDI: A Comparative Analysis Based on the Central and Local Enterprises

doi:10.16382/j.cnki.1000-5579.2017.02.016

Abstract

Abstract:

Aiming at the increasing OFDI(Outward Foreign Direct Investment) of Chinese enterprises in recent years, this paper explores the geographical layout of OFDI from the perspective of central and local enterprises quantitatively. The study indicates that bilateral free trade agreements and investment agreements significantly promote China firms' OFDI. The central enterprises have more tendency to make OFDI in the higher-risk countries or regions than local enterprises. Both the market and resource factors have significant impact on the local enterprises' OFDI. China should speed up the free trade agreements and investment treaty negotiations with other countries, focus on the political risks of OFDI, and support and guide the local enterprises' OFDI.

Key words: political risks, free trade environment, OFDI, central enterprises, local enterprises

XU Shi-teng, CHEN You-zhi. Political Risks, Free Trade Environment and the Geographical Layout of China's OFDI: A Comparative Analysis Based on the Central and Local Enterprises[J]. Journal of East China Normal University (Philosoph, 2017, 49(2): 155-162.

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