An Assessment of the Effects of Institutional Change on Chinese Outward Direct Investment Activity

Hinrich Voss, Peter J. Buckley and Adam R. Cross

Chapter 5 in China Rules, 2009, pp 135-165 from Palgrave Macmillan

Abstract: Abstract Since the instigation of the “open-door” policies (gaige kaifang,) in 1978, China has experienced three decades of considerable economic and institutional reform. These reforms have been directed towards changing the domestic industrial structure and increasing the degree of integration of China’s economy and its businesses into the global economy. At the same time, China has evolved from a position of marginal relevance in terms of its outward foreign direct investment (OFDI) levels to becoming an important source country, especially among developing countries. To illustrate, the Chinese Ministry of Commerce reports that domestic firms invested US $21 billion abroad in 2006, raising China’s OFDI stock to US $ 90 billion (MOFCOM, 2007).

Keywords: Foreign Exchange; World Trade Organization; Chinese Firm; Outward Foreign Direct Investment; Foreign Exchange Earning (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-27418-1_6

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DOI: 10.1057/9780230274181_6

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