Chinese Outward Foreign Direct Investment in Developed and Developing Countries: Converging Characteristics?

The spectacular surge in Chinese outward foreign direct investment (OFDI) has been reinforced by China's accession to the WTO (2001). The understanding of their determinants remains a key theoretical question, in particular whether they confirm the standard conceptual framework - 'ownership', 'location', 'internalisation' (OLI) and 'linkages' (augmenting competences by learning). The paper argues that the determinants of Chinese OFDI change over...