China's foreign direct investment in BRICS countries: status, problems and prospects

Abstract

The emerging economies, represented by the BRICS, have risen rapidly in post-crisis era in both economic development and national competitiveness. In order to ensure a stable and sustainable long-term development of national economy, the governments of BRICS countries have shown positive attitude to foreign direct investment. This is a great opportunity for China to increase its direct investment in these countries, which will not only provide strong support to China's "going global" strategy, but also help avoid risks arising from intensive investment in its traditional investment regions. This article focuses on the status of Chinese outward direct investment in the BRICS countries by analyzing existing problems in investment process and providing forecast as well as future agenda on China's direct investment in these countries.