Research On The Influencing Factors Of Chinese Outward Foreign Direct Investment In Service Industry

As outward foreign direct investment continues swarming to the service industry worldwidely, outward foreign direct investment in service industry has been becoming a highlight and a new point of economic growth. However, study on how host countries attract China's OFDI in service industry is insufficient. Explore the influence factors of China's OFDI in service industry can not only enrich the content of OFDI in service industry in the transitional economies but also help to enrich the research scope of service industry foreign direct investment theory and dig out the oriented distribution of OFDI in service industry.Based on the mainstream theory of the international direct investment, this study combines the status and characteristics as well as the existing problems of China's OFDI in service industry and uses comparative method, inductive method, data statistics and literature review as well as focus on factors of China's OFDI in service industry. This paper is divided into the following five parts except the preface:first of all, this paper reviews the basic theory of mainstream international foreign direct investment. Secondly, this paper describes the status and characteristics of China's OFDI in service industry. Once more, from the general analytical framework of influencing factors in OFDI and writing intentions, this study tries to discuss new motivations and summarize the mechanism of China's OFDI in service industry. Then sets the corresponding model, explains the source data and use panel data to make preliminary and classification regression. In the end, this study summarizes conclusion and provides corresponding policy recommendations for the government and enterprise.Possible innovations in this paper:first, this study regards the world's six major economies and separates them from development level in service industry and other industries. Second, this paper sets the corresponding model, explains the source data and use panel data to make preliminary and classification regression. Third, from the general analytical framework of influencing factors in OFDI and writing intentions, this study tries to discuss new motivations and summarize the mechanism of China's OFDI in service industry and draws an innovative conclusion.The deficiency of this study:first, service industry is different from other industries, there are some obstacles in the collection of data. This study uses Chinese official OFDI statistics data just from 2007 to 2014.Second, there doesn't exist a unified view on the influence factors of OFDI in service industry. Therefore, by comparison and exclusion, this article just selects some relatively reasonable factors. So theory on OFDI in service industry is not complete and the system is not perfect. Third, service industry itself contains wide aspects and specific circumstances, so there are relatively humorous differences. This paper just regards service industry as a whole to analyze, this may lead to some difficulty and unreasonable.