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Investing Overseas Without Moving Factories Abroad: The Case of Chinese Outward Direct Investment, Asian Development Review, Vol. 30 (1), pp. 85-107

dc.contributor.authorYiping Huang
dc.contributor.authorBijun Wang
dc.date.accessioned2015-01-24T13:13:26Z
dc.date.available2015-01-24T13:13:26Z
dc.date.issued2013-03-26T13:13:26Z
dc.identifier.urihttp://hdl.handle.net/11540/1629
dc.description.abstractChinese outward direct investment (ODI) is unique in the sense that it starts in the early stage of economic development and does not move factories overseas. Empirical analyses using firm-level data confirm that the main purpose of Chinese ODI is to strengthen domestic production and productivity by acquiring strategic assets overseas. This Chinese style of ODI, which is different from Japanese efficiency-seeking ODI or American market-seeking ODI, is mainly underscored by significant cost advantage and abundant foreign exchange. We suggest that there might be a life cycle of ODI, which evolves from the Chinese style to the Japanese style and then to the American style as the economy develops. Following this proposition, we expect a major wave of ODI by Chinese small-sized and medium-sized manufacturing enterprises in the coming decade.
dc.languageEnglish
dc.publisherAsian Development Bank and Asian Development Bank Institute
dc.rightsCC BY 3.0 IGO
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.titleInvesting Overseas Without Moving Factories Abroad: The Case of Chinese Outward Direct Investment, Asian Development Review, Vol. 30 (1), pp. 85-107
dc.typeJournals
dc.subject.adbChinese outward direct investment
dc.subject.adbChinese style ODI
dc.subject.adbODI lifecycle
dc.title.seriesAsian Development Review
dc.title.volumeVolume 30, Number 1, pp. 85-107
dc.contributor.imprintAsian Development Bank and Asian Development Bank Institute
oar.themePoverty
oar.themeUrban
oar.themeLabor Migration
oar.identifierOAR-002551
oar.authorHuang, Yiping
oar.authorWang, Bijun
oar.importtrue
oar.externallinkhttp://www.mitpressjournals.org/loi/adev
oar.googlescholar.linkpresenttrue


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  • Asian Development Review
    The Asian Development Review (ADR) is a professional journal for disseminating the results of economic and development research relevant to Asia and the Pacific. Since 1983, the ADR has been an important part of the history of the Asian Development Bank and its mission to reduce poverty across Asia and the Pacific.

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