A Study Of Chinese Companies' Going-Out

In this paper, "Going-out" means outward Foreign Direct Investment. The paper bases on both the general picture of Chinese companies' going-out and theories of FDI, to generate an overall conclusion and bring up with strategies for the government and companies. In addition, cases on provincial and company level are analyzed to deepen the insights.Chapter 1 summarizes classical theory of FDI and theoretical development in China. Traditional theory includes Monopolistic Advantages Theory, Internalization Theory, Dunning's Eclectic Theory; theories explaining FDI from developing countries include Small-scale Technology Theory, Technology Localization Theory, Investment Development Phase Theory; Imbalance Theory and Resource and Capability Theory are also rising in explaining the new phenomena.Chapter 2 draws out a fine picture of Chinese companies' going-out, with numeral analysis, tables and graphs. Through five aspects of going-out, i.e., Reason, Size, Distribution, Operation and Management, the paper gives insights and surpasses other relevant studies.Chapter 3 chooses Hebei Province as a sample to analyze going-out strategy on provincial level. Through the extraction from field investigation, this chapter describes basic situation of middle and small sized companies' going-out characteristics and analyze the suit to the province's economy.Chapter 4 chooses Hisense Group as a representation for large companies who are going-out. Hisense case is compared with the successful case of Sony to have some lesson and experience drawn for large Chinese companies. Based on discussion of all above, Chapter 5 draws conclusion of principles for going-out companies' principal part, investment industries, host country location and brings out the policy suggestion.