Browse > Article
http://dx.doi.org/10.5392/JKCA.2022.22.09.283

The Strategy and Structure of Chinese Enterprises' Direct Investment in 'One Belt, One Road' Country  

Heur, Heung-Ho (목원대학교 중국어중국통상학과)
Publication Information
The Journal of the Korea Contents Association / v.22, no.9, 2022 , pp. 283-297 More about this Journal
Abstract
This study analyzed to strategy and structure of outward foreign direct investment(OFDI) by Chinese Enterprises in 'one belt, one load' countries along the line from the perspective of Dunning's OLI paradigm. Chinese enterprises' investment in 'one belt, one road' countries was largely promoted for two strategic purposes. One is an investment to secure energy resources due to the nature of resource holdings in 'one belt, one road' countries, and the other is a transfer investment to solve the problem of surplus facilities, a problem in China's domestic economy. Chinese enterprises' investments in these 'one belt, one road' countries is evaluated to have been made with Dunning's investment decision conditions in the OLI paradigm, namely, Ownership specific advantages, Location specific advantages, and Internalization specific advantages. only if there is a difference, investment country, investment method, and investment industry are different due to the structure of international relations, religious conflict and cultural heterogeneity, institutional investment environment of the region, and awareness of Chinese enterprises.
Keywords
Chinese Economy; Chinese Enterprises; Outward Foreign Direct Investment(OFDI); One Belt, One Road; OLI Paradigm;
Citations & Related Records
연도 인용수 순위
  • Reference
1 杨娇辉, 王伟, 谭娜, "破解中国对外直接投资趣味分布的 '制度风险偏好'之谜," 世界经济, 第11期, pp.3-27, 2016.
2 백권호, 서석흥, "중국기업 해외직접투자('走出去')의 현황과 평가," 중국학연구, 제35집, pp.283-307, 2006.
3 林治洪, 陈岩, 秦学志, "中国对外投资决定因素-基于整合资源观与制度视角的实证分析," 管理世界, 第8期, pp.165-166, 2012.
4 S. H. Hymer, The International Operations of National Firms: A study of Direct Foreign Investment, MIT Press. 1976.
5 陈岩, 杨桓, 张斌, "中国对外投资动因, 制度调节与地区差异," 管理科学, 第3期, pp.112-120, 2012.
6 이재유, 허흥호, "중국기업의 국제화 전략과 구조," 관세학회지, 제2권, 제1호, pp.247-279, 2001.
7 张金杰, "中国对外直接投资新格局: 发达与发展中国家并重," 国际经济合作, 第5期, pp.31-35, 2017.
8 齊正平, 中国能源大数据报告(2021)-能源综合篇, 中电传媒.能源情报研究中心, 2021.
9 錢錦昌, "走具有上海特色的遠洋漁業發展道路,"上海企業跨國經營初探, 上海科學技術文獻出版社, p.50, 1991.
10 SINOPEC(http://www.sinopecgroup.com/group/Resource/Pdf/AnnualReport2020.pdf), 2022.5.25
11 邬琼, "我国产能过剩的原因及化解对策," 國家信息中心( http://www.sic.gov.cn/News/455/6842.htm)(검색일: 2022. 5. 25.), 2016.
12 黄梅波.李泽政, "中国对外直接投资 40 年: 动因及模式," 东南学术, 第4期, pp.88-88, 2018.
13 王同昭.余海溶, "地方分權化與市場經濟的矛盾及其建構," 內蒙古農業大學學報, 第3期, pp.8-10, 2007.
14 中國國家統計局(http://www.stats.gov.cn/), 2022.5.4
15 bp Statistical Review of World Energy2020, 69th edition, https://www.bp.com/en/global/corporate/news-and-insights/press-releases/bp-statistical-review-of-world-energy-2020-published.html
16 中國對外貿易經濟合作部國外合作司, 國際商報合編, 中國經營對外承包工程, 勞務合作和設計諮詢企業(續), 經濟日報出版社, p.399, 1995.
17 정영록, 중국경제의 국제화 평가, 대외경제정책연구원, 정책자료95-1, p.63, 1995.
18 黃永弟, "論'一帶一路'倡義實施的背景, 風險及應對策略," 經濟硏究導刊, 第30期, pp.62-63, 2016.
19 國務院, 国务院关于印发中国制造2025的通知(國發[2015]28號). 2015.5.8. 中華人民共和國中央政府 (http://sousuo.gov.cn/) 2022.4.25.
20 巴殿君, "論'一帶一路'戰略的內涵,風險及前景-以國際關係爲視角," 中國周邊外交學刊, 總二輯, 第2輯, pp.119-121, 2015.
21 中國商務部(http://hzs.mofcom.gov.cn/article/date/202110/20211003207274.shtml), 2021.10.25.
22 S. Lall, The new multinationals: The spread of third world enterprise, New York: Wiley, 1983.
23 J. H. Dunning, "Explaining the international direct investment position of countries: Towards a dynamic or developmental approach," Weltwirtschaftliches Archiv, Vol.17, No.1, pp.30-64, 1981.   DOI
24 함명식, "포섭과 배제의 시작에서 본 '일대일로'(一帶一路)," Sungkyun China Brief, 제4권, 제1호, p.69, 2016.
25 杨挺, 李志中, 陈子若, "中国对外直接投资的新特征及趋势," IEC, No.1, pp.18-26, 2017.
26 张友谊, "中国对东盟国家直接投资现状分析," 生産力硏究, 第12期, pp.121-126, 2020.
27 丁志帆, 孙根紧, "'一带一路'背景下中国对外直接投资空间格局重塑," 四川师范大学学报(社会科学版), 第43卷, 第２期, p.59, 2016.
28 張述存, "'一帶一路'戰略下優化中國對外直接投資布局的思路與對策," 管理世界, 第4期, pp.1-9, 2017.
29 2020年版 <对外投资合作国别(地区)指南>, 中國一帶一路網(https://www.yidaiyilu.gov.cn/zchj/zcfg/159005.htm), 2022.5.15)
30 R. Medcalf, "Asia's 'Cold Peace'; China and India's Delicate Diplomatic Dance," http://nationalinterest.org/feature/asias-cold-peace-china-indias-delicate-diplomaticdance-11338, 2019.3.16.
31 R. Vernon, "International Investment and International Trade in the Product Cycle," Quarterly Journal of Economics, Vol.80, No.2, pp.190-207, 1966.   DOI
32 이승신, 현상백, 나수엽, 조고운, 국기업의 인수합병을 통한 해외진출전략과 정책시사점(KIEF연구보고서), 제 18권, 제32호, 대외경제정책연구원, 2018.
33 中國商務部, 2020年度 中國對外承包工程統計公報, 中國商務出版社, 2021.
34 한국경제신문, " '중국몽'에 말려든 저개발국... 일대일로 참여했다 빚더미 신세," (https://www.hankyung.com/international/article/2018030730211), 2019. 12.24.
35 亞布力中國企業家論壇(https://baijiahao.baidu.com/s?id=1731366356411803968/), 2022.5.11.
36 UNCTAD(https://unctad.org), 2021.5.4.
37 P. J. Buclley and M. C. Casson, The Future of the Multinational Enterprise, London: Macmilan, 1976.
38 A. M. Rugman, Inside the Multinational Enterprises and Government Intervention, NY: St. Martin's Press, 1981.
39 조동성, 21세기를 위한 국제경영, 경문사, 1997.
40 박주홍, "국제화 이론의 관점에서의 남북한 경제협력의 분석-Dunning의 절충이론을 중심으로," 경상논총, 제22집, p.134, 2000.
41 J. A. Mathews, "Dragon multinationals: New players in 21st century globalization," Asia Pacific Journal of Management, Vol.23, No.1, pp.5-27, 2006.   DOI
42 이동현, 성재열, "신흥 다국적기업의 국제화 전략에 관한 탐색적 연구," 연세경영연구, 제52권, 제2호(통권 제101호), p.168, 2015.
43 中華人民共和國商務部, 國家統計局, 國家外換管理局, 2020年度中國對外直接投資公報, 中國商務出版社. 2021.
44 H. C. Moon and T. W. Roehl, "Unconventional Foreign Direct Investment and the Imbalance Theory," International Business Review, Vol.10, No.2, pp.197-215, 2001.   DOI
45 R. E. Caves, "Cause of Direct Investment: Foregn firms' Shares in Canadian and UK Manufacturing Industries," Review of Economic Statistics, Vol.56, No.3, 1976.
46 H. J. Dunning, Multinationals and the Global Economy, Wokingham, U.K.: Addison Wesley, 1993.
47 X. Zhang and K. Daly, "The Determinants of China's Outward Foreign Direct Investment," Emerging Markets Review, Vol.12, No.4, pp.389-398, 2011.   DOI
48 V. Marantidou and R. A. Cossa, "China and Russia's Great Game in Central Asia," http://nationalinterest.org/blog/the-buzz/china-russias-great-game-central-asia-11385?page=2. 2019.3.16.
49 P. J. Buckley, "A Critical View of Theories of the Multinational Enterprise," in P.I Buckley and M. Casson(eds.) The Economic Theory of Multinational Enterprise, London: Macmillan, 1985.
50 R. Ramamurti, What have we learned about emerging-Market MNEs? In R. Ramamurti & J. Singh (Eds.). Emerging Multinationals from Emerging Markets, Cambridge University Press, 2009.
51 人民大學重陽金融硏究院, "國外學者談'一帶一路'," 中國經濟報告, 第4期, pp.90-94. 2015.
52 顾雪松, 韩立岩, 周伊敏, "产业结构差异与对外直接投资的出口效应," 经济研究, 第4期, pp.102-115, 2016.
53 裴长洪, 郑文, "国家特定优势:国际投资理论的补充解释," 經濟硏究, 第11期, pp.21-35, 2011.
54 이유태, "중국의 해외직접투자 결정요인 분석: 정치 및 경제적 제도 수준을 중심으로," 중국지식네트워크, 제15권, 제15호, pp.201-226, 2020.   DOI
55 Y. W. Cheung and X. W. Qian, "The Empirics of China's Outward Direct Investment," Pacific Economic Review, Vol.14, No.3, pp.312-341, 2009.   DOI
56 W. Yale, "China's Maritime Silk Road Gamble," The Diplomat, Apr. 22, 2015.
57 J. C. K. Daly(2014), "China Focuses on Maritime Silk Road," Silk Road Reporters, http://www.silkroadreporters.com/2014/07/17/china-focusesmartime-silk-road), 2019.3.14.
58 P. J. Buckley, J. Clegg, A. Cross, X. Liu, H. Voss, and P. Zheng, "The determinants of Chinese outward FDI," Journal of International Business Studies, Vol.38, pp.499-518, 2007.   DOI
59 B. Ramasamy, M. Yeung, and S. Laforet, "China's Outward Foreign Direct Investment:Location Choice and Firm Ownership," Journal of World Business, Vol.47, No1, pp.17-25, 2012.   DOI
60 陈世清, 对称经济学, 中国时代经济出版社, p.161, 2011.