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Rise of Chinese Multinational Firms

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  • Kevin Honglin Zhang

Abstract

Since 2003, China has been one of the most significant sources of outward foreign direct investment (FDI) in the world. How did this happen? What are the features of Chinese outward direct investment (ODI)? Are they different from developed-country FDI? Why do Chinese firms go multinational? What competitive advantages do Chinese firms have in going multinational? The Chinese ODI boom is a result of China's rapid economic growth and its "going-global" strategy. Chinese multinational firms are similar to those in developed countries in many respects, but differ largely in ownership structure. Their competitive advantages are derived mainly from China's institutional organization and efficient management in the production process. Four motivations of Chinese ODI are: to maintain and expand international markets, to secure a supply of key resources, to obtain firm assets from advanced economies, and to seek overseas opportunities with an international vision.

Suggested Citation

  • Kevin Honglin Zhang, 2009. "Rise of Chinese Multinational Firms," Chinese Economy, Taylor & Francis Journals, vol. 42(6), pages 81-96, November.
    • Handle: RePEc:mes:chinec:v:42:y:2009:i:6:p:81-96
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    Cited by:

    1. ZhongXiang Zhang, 2012. "Climate Change Meets Trade in Promoting Green Growth: Potential Conflicts and Synergies," Chapters, in: Chin Hee Hahn & Sang-Hyop Lee & Kyoung-Soo Yoon (ed.), Responding to Climate Change, chapter 6, Edward Elgar Publishing.
    2. Zhaoxin Dai & Yunfeng Hu & Guanhua Zhao, 2017. "The Suitability of Different Nighttime Light Data for GDP Estimation at Different Spatial Scales and Regional Levels," Sustainability, MDPI, vol. 9(2), pages 1-15, February.
    3. Wei, Yingqi & Zheng, Nan & Liu, Xiaohui & Lu, Jiangyong, 2014. "Expanding to outward foreign direct investment or not? A multi-dimensional analysis of entry mode transformation of Chinese private exporting firms," International Business Review, Elsevier, vol. 23(2), pages 356-370.
    4. Zhang, Kevin H., 2021. "How does South-South FDI affect host economies? Evidence from China-Africa in 2003–2018," International Review of Economics & Finance, Elsevier, vol. 75(C), pages 690-703.
    5. Zheng, Nan & Wei, Yingqi & Zhang, Yabin & Yang, Jingjing, 2016. "In search of strategic assets through cross-border merger and acquisitions: Evidence from Chinese multinational enterprises in developed economies," International Business Review, Elsevier, vol. 25(1), pages 177-186.
    6. Zhou, Nan, 2024. "Emerging market multinationals’ liability of outsidership," Journal of World Business, Elsevier, vol. 59(3).
    7. Yan Chen & Ruirui Zhai & Kevin H. Zhang, 2020. "Natural Resources and Foreign Direct Investment in Africa: Evidence from Chinese Firms," Sustainability, MDPI, vol. 12(22), pages 1-18, November.

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