Chinese Outward Direct Investment in Australia: Current Condition Analysis and Prospect

DOI

10.2991/icefs-17.2017.58How to use a DOI?

Keywords

Chinese ODI in Australia, China, Australia, metal and energy industry, foreign investment, Chinese SOEs

Abstract

Australia has become a crucial destination for Chinese foreign investment. Based on statistical data of Chinese outward direct investment (ODI) in Australia throughout recent ten years, by practically analyzing the development and current condition of Chinese ODI in Australia, this paper discusses problems of Chinese ODI in Australia, brings forward specific countermeasures and recommendations, and makes a prospect for its future development. Findings suggest that Chinese enterprises invest in Australia basically because of Australian resources' reservation, Chinese domestic demand for various kinds of goods, and the support of relevant favorable policies. The outcomes also suggest that Chinese ODI in Australia has main characteristics of metal and energy industry dominance, imbalanced industrial and regional investment allocations as well as the tendency of industrial diversification. To improve imperfections, Chinese enterprises shall promote the industrial diversification further and to get ready knowledge about Australian foreign policies and local regulations, and Chinese government are supposed to bring forward more encouraging policies for private enterprises to invest abroad. In general, there still exist a great potential and a prosperous prospect for Chinese enterprises to invest in Australia.

Copyright

© 2017, the Authors. Published by Atlantis Press.

Open Access

This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).

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TY  - CONF
AU  - Xuezhen Kang
PY  - 2017/01
DA  - 2017/01
TI  - Chinese Outward Direct Investment in Australia: Current Condition Analysis and Prospect
BT  - Proceedings of the 2017 International Conference on Economics, Finance and Statistics (ICEFS 2017)
PB  - Atlantis Press
SP  - 442
EP  - 448
SN  - 2352-5428
UR  - https://doi.org/10.2991/icefs-17.2017.58
DO  - 10.2991/icefs-17.2017.58
ID  - Kang2017/01
ER  -