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World Economy Brief
China's Outbound Investment Policy in Recent Years
- Author Jiyoung Moon, Munsu Kang, Minsuk Park, Yongsun Kim
- Series24-40
- Date2024-12-12
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.
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