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Chinese Outward Direct Investment in Central and Eastern European Countries: a Comparative Analysis


  • Sarmiza Pencea


  • Iulia Monica Oehler-Sincai



In the present paper, we examine the larger context of China's "going out" approach and its policy towards CEE-16. We analyze also the distribution, structure and trends of the Chinese ODI in five CEE countries, correlated with its investment projects, motivations and constraints. In the final part of the paper we bring to the forefront Romania as a destination for Chinese ODI, providing an analysis of the Chinese investment evolution, their specific features, weaknesses, accomplishments and prospects of further development. The structure of our research is determined by its four main objectives: to generate an overview of the Chinese ODI, to underscore the new cooperation framework between China and CEE-16, to analyze the Chinese ODI in CEE-5 and appraise the untapped potential of its relationship with Romania. Consequently, the paper is structured in four main sections, preceded by an introduction and concluding with a review of the main results.

Suggested Citation

  • Sarmiza Pencea & Iulia Monica Oehler-Sincai, 2014. "Chinese Outward Direct Investment in Central and Eastern European Countries: a Comparative Analysis," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 6(2), pages 34-43, June.
  • Handle: RePEc:khe:journl:v:6:y:2014:i:2:p:34-43

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    References listed on IDEAS

    1. N/A, 2011. "Multipolarity: The New Global Economy," Foreign Trade Review, , vol. 46(3), pages 89-106, October.
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    Cited by:

    1. Sarmiza Pencea & Iulia Monica Oehler-┼×incai, 2015. "Romania, Strategic Partner in China-CEE Relations," Global Economic Observer, "Nicolae Titulescu" University of Bucharest, Faculty of Economic Sciences;Institute for World Economy of the Romanian Academy, vol. 3(1), pages 44-55, May.
    2. Turcsanyi, Richard Q., 2017. "Central European attitudes towards Chinese energy investments: The cases of Poland, Slovakia, and the Czech Republic," Energy Policy, Elsevier, vol. 101(C), pages 711-722.
    3. repec:rau:journl:v:12:y:2017:i:2:p:17-28 is not listed on IDEAS

    More about this item


    Outward direct investment (ODI); China; CEE-16; CEE-5; Romania;

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F29 - International Economics - - International Factor Movements and International Business - - - Other
    • G11 - Financial Economics - - General Financial Markets - - - Portfolio Choice; Investment Decisions
    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation


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