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1、外文翻译原文HistoricandEmergentTrendsinChineseOutwardDirectInvestmentMaterialSource:ManagementInternationalReviewAuthor:PeterJ.Buckley1,AdamR.Cross2,HuiTan3,LiuXin4,HinrichVoss5IntroductionAsubstantialbodyofliteraturehasgrownontheprominenceofChinaasarecipie
2、ntofforeigndirectinvestment(FDI)anditsconsequencesfornationaleconomicdevelopmentandmanagementpractice(Branstetter/Lardy2006).Bycontrast,muchlessattentionhasbeenpaidtoChina'spositionasanFDIsource.GiventhatChinaattractedanannualaverageFDIinflowin·flow
3、n.1.Theactorprocessofflowinginorinto:aninflowofwater;aninflowofinformation.2. ofaroundUS$29bn(ormorethan7percentoftheworld'stotal)inthe1990s,butcontributedlessthanUS$2.5bn(around0.6percent)toglobaloutflows,thisisperhapsnotsurprising(UNCTADUNCTADUnited
4、NationsConferenceonTrade&Development 2006).However,thesharpgrowthinChineseoutwarddirectinvestment(ODI(OpenData-LinkInterface)AnetworkdriverinterfacefromNovell.ODIisbasedontheLSLinterfacedevelopedbyAT&TforitsUnixSystemVoperatingsystem.Seenetworkdriveri
5、nterfaceandLSL.1.ODI-OpticalDigitalImage.2.)evidentsince2002(illustratedinFigure1),combinedwithanumberofrecenthighprofileattemptsbyChineseenterprisestoacquireNorthAmericanNorthAmericannamedafterNorthAmerica.NorthAmericanblastomycosisseeNorthAmericanbl
6、astomycosis.NorthAmericancattletickseeboophilusannulatus......Clickthelinkformoreinformation. andEuropeanfirms,havebroughtintoreliefChina'srisingstatusandpotentialasaninvestornation.ThispotentialisrecognizedinarecentUNCTADsurveyofinvestmentpromotionag
7、encieswhichpredictsthatChinawillbecomea'topthree'sourcecountryforFDIbeforetheendof2008(UNCTAD2005).ItisalsohighlightedbytheDirector-GeneralofUNIDO,KandehYumkella,whosuggeststhatannualflowsofChineseoutboundinvestmentarelikelytoreachUS$60bnby2010(MOFCOM
8、MOFCOMMinistryofCommerce(China) 2006).IfgrowthratesGrowthRatesThecompoundedannualizedrateofgrowthofacompany'srevenues,earnings,dividends,orotherfigures.Notes:Remember,historicallyhighgrowthratesdon'talwaysmeanahighrateofgrowthlookingintothefu