The Research of the Influencing Factors of Chinese Enterprises' Direct Investment in Africa

Since the founding of the Forum on China-Africa Cooperation (FOCAC) in 2000, China-Africa economic and trade cooperation has Among them, China's direct investment in Africa has grown rapidly, with $5.39 billion flowing to Africa in 2018, up 31.5 per cent. Among them, China's direct investment in Africa has grown rapidly, with $5.39 billion flowing to Africa in 2018, up 31.5% year-on-year, mainly to South Africa, Zambia, Kenya and other countries. Africa has become the fourth largest destination for China's outbound direct investment, In view of Africa's rich resources, vast market and improving investment environment, the influence of Africa on the development of China's OFDI will continue to rise While China's FDI in Africa is increasing, research results on China's FDI in Africa have also been emerging from both domestic These research results not only point out the direction for Chinese enterprises to carry out direct These research results not only point out the direction for Chinese enterprises to carry out direct investment in Africa, but also provide references for government departments to formulate and implement relevant policies. On the basis of comprehensive theoretical analysis and empirical research, the paper concludes that Chinese enterprises' direct investment in Africa is not only influenced by the market size of host countries, but also by host country resource factors and the empirical results strongly refute the misrepresentations of Western countries about China's predatory investment in African resources. In addition, based on the empirical results, this paper makes recommendations to Chinese enterprises and the Chinese government from an institutional perspective. In addition, based on the empirical results, this paper makes recommendations to Chinese enterprises and the Chinese government from an institutional perspective, i.e., how to emphasize the importance of host country In addition, based on the empirical results, this paper makes recommendations to Chinese enterprises and the Chinese government from an institutional perspective, i.e., how to emphasize the importance of host country in the choice of foreign location, given the established resource factors