China's Outward Direct Investment in Africa

Yin-Wong Cheung, Jakob de Haan, Xingwang Qian and Shu Yu

No 132011, Working Papers from Hong Kong Institute for Monetary Research

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.

Keywords: Market Seeking; Resources Seeking; Risk; Trade Relationship; Contracted Projects; Going Global Policy; Energy Procurement (search for similar items in EconPapers)
JEL-codes: F21 F36 O53 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2011-04
New Economics Papers: this item is included in nep-afr and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Journal Article: China's Outward Direct Investment in Africa (2012)
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