China's Outbound Investment Policy in Recent Years

Jiyoung Moon (), Munsu Kang (), Minsuk Park () and Yongsun Kim ()
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Jiyoung Moon: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/eng/
Munsu Kang: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/eng/
Minsuk Park: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/eng/
Yongsun Kim: KOREA INSTITUTE FOR INTERNATIONAL ECONOMIC POLICY (KIEP), Postal: [30147] Building C, Sejong National Research Complex, 370, Sicheong-daero, Sejong-si, Korea, http://www.kiep.go.kr/eng/

No 24-40, World Economy Brief from Korea Institute for International Economic Policy

Abstract: China's Outbound Direct Investment (ODI) strategy has been changing along with its national development strategy. In the early 2000s, China launched “Going Out (走出去)” strategy to encourage domestic companies’ overseas expansion, which laid the foundation for Chinese companies to venture abroad. Since then, the Chinese government has actively simplified administrative procedures to encourage ODI on the part of Chinese companies. Under the Xi Jinping administration, China's ODI has been functioning as a significant tool for the national development strategy. China’s ODI has increased particularly in strategic industries, such as high-tech industries, critical raw materials, and emerging industries. However, the explosive expansion of Chinese ODI in high-tech industries has led to the increased screening of Chinese ODI especially in developed countries. Through a series of events, the strategy of China's ODI has undergone various changes, with Chinese government strengthening its ODI management. Nevertheless, China’s strategy of aligning ODI with its national strategies continues, and its influence has recently expanded to Global South countries.

Keywords: Outbound Direct Investment (ODI); Going Out Strategy (走出去); Xi Jinping administration; Chinese government; Strategic industries; High-tech industries; Critical raw materials; Emerging industries; Screening of Chinese ODI; Global South (search for similar items in EconPapers)
Pages: 5 pages
Date: 2024-12-12
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