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 practicallyanalyzing the development and current condition of Chinese ODI in Australia, this paper discusses problemsof Chinese ODI in Australia, brings forward specific countermeasures and recommendations, and makes a prospect for its future development. Findings suggest thatChinese 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 enterprisesto invest abroad. In general, there still exist a great potential anda prosperous prospect for Chinese enterprises to invest in Australia.
| Original language | English |
|---|---|
| Pages (from-to) | 442-448 |
| Journal | Proceedings of the 2017 International Conference on Economics, Finance and Statistics (ICEFS 2017) |
| Publication status | Published - 2017 |
| Event | International Conference on Economics, Finance and Statistics (ICEFS 2017) - Hong Kong, Hong Kong Duration: 1 Jan 2022 → … |