The Research On China’s Direct Investment In Africa

With the implementation of China’s’going out’strategy and the deepening of China-Africa Cooperation, more and more Chinese enterprises go to and invest in Africa. At present, China’s direct investment in Africa has characteristics as diversification of the investment entities and investment industries, localization of the production chain, as well as extended and unbalanced investment location. The number of African countries is large, and their investment environments are all different. So opportunities and challenges coexist for Chinese enterprises to invest in.At the angle of location choice of foreign direct investment, and on the basis of combing the existing literatures, this paper researchs and analysis on the choice of the location of the Chinese direct investment in Africa. Takes the data of53African countries as sample, do factor analysis of investment environment through17indicators in5major categories, tease out that the level of economic development, the economic openness, the market operational efficiency, and the resource-richness and high-quality human resources richness are the important factors that affect the Chinese enterprises to invest in African. By doing environmental efficiency analysis about China’s direct investment in Africa, find that the environmental benefits in Nigeria and other15countries are relatively good. So these African countries could be important consideration for Chinese enterprises to invest in.