This paper to empirical examine the date from 2007 to 2010 China's ODI in 103 countries, found that a lot of overseas theory and experience hypotheses to explain China's ODI is not suitable for a large part. China's outward FDI to the investing countries are the main factors that affect the size and potential of the markets, the open level of market, such as the degree of technological development. But China's enterprises towards the presence of exchange and other financial risks that are not realize. The average wage level, the exchange rate of the traditional FDI determinants influenced the theory and existing research findings conflicting results were obtained. The strategic implications for Korean government and enterprises are as follow: First, China to take advantage of new investment source need to target strategies. Second, the extension of Korea's market should be expanded. Third, the investment environment should be open for the Chinese capital in Korea. Fourth, the response to M&A of China's enterprises should be prepared in advance. Fifth, we should be prepared that compete with foreign manufactured products by China's enterprises.

• 김형근(신라대학교 중국어중국학과 조교수)