Overseas Impacts of C hina's Outward Direct Investment

C hina's outward direct investment ( ODI ) has grown rapidly since 2004. But along with such phenomenal growth is a mixed feeling toward C hinese investments in host countries. This article explores some overseas impacts of C hinese ODI based on an analysis of C hina's policy environment and investment patterns. We argue that what C hinese investors bring to host economies includes (i) massive job creation, but limited technology transfers to the local economy; (ii) ample capital as well as entry into the C hinese market; and (iii) damage from corporate social misbehavior. However, we suspect that these overseas impacts may be transitory as three dynamics, increased conflicts, accelerated learning and C hina's domestic structural changes, are simultaneously set in motion.