Research On China’s OFDI Spatial Layout Based On Analysis Of Motivations Of Investment

With the process of economic globalization, the increase of Chinese foreign exchange reserves and the implementation of the policy- "going out", China’s outward foreign direct investment(OFDI) has risen rapidly. January In 2015, the Ministry of Commerce announced January to November of situation of China’s OFDI in 2014. According to statistics, as of November in 2014, China’s OFDI flows would be as much as $898 billion, up 11.9%, and involve in 153 countries around the world. Today, the scale of economy has become considerable, and per capita income has reached $6000 in China. The scale of China’s OFDI will be form large-scale or not in the future, which has become one of the important research areas of academic concern.On the basis of summarizing the relevant outward direction investment theories about developing countries and literature at home and abroad, this paper analyzes motivations of China’s OFDI in term of market, asset, resource, labor, and the reasons of this spatial layout in term of the scale of market, the level of economy, resource, labor. Meanwhile, this article takes the attainable profits function. According to mathematical analysis, this paper analyzes motivations of China’s OFDI. Compared with profits function between developing and developed countries, author finds the general motivations and motivations between developing and developed countries. Based on this, this article adopts panel data of 42 countries in 2003-2013 year see to test above analysis. Regression results show that: there are four primary motivations for China’s OFDI: market-seeking motivation, asset-seeking motivation, resource-seeking motivation and labor-seeking motivation. Among those, market-seeking motivation and asset-seeking motivation are the main motivation of Chinese investment in developed countries. Resource-seeking motivation and labor-seeking motivation are the main motivation of Chinese investment in developing countries. Finally, on this basis of summarizing the conclusion, this article put forward relevant policy suggestions.