中文摘要：

针对非洲国家不同的经济类型,本文利用固定效应的面板数据模型,通过对2003年至2011年间我国投资非洲各国的资金分布进行分析,考察了我国投资分布的决定因素。结果显示：我国对非洲的投资属于市场寻求型和资源寻求型,在对处于转型期和未转型期国家的投资选择中,我国倾向投资于政治风险较大且经济开放程度较高的国家;而在对石油等矿产资源丰富国家的投资选择中,我国倾向投资于政治风险较大且国外投资不多的国家。我国应该加强对非洲投资风险的观测和预防机制,中非签订的投资贸易保护协定对于非洲吸引我国的投资影响有限;我国投资非洲给非洲带来了难得的发展机遇,使中非双方互利共赢。

英文摘要：

Using the fixed-effects panel data model,this paper analyzes China investment＇s distribution among African countries of different economics types from 2003 to 2011 and its determinants. The results show： China＇ s investment in Africa is market-seeking and resource-seeking; China tends to invest in the countries with higher political risk and higher degree of openness among transition and pre-transition countries; China tends to invest in the countries with higher political risk and lower FDI stock among countries rich in mineral resources. China should strengthen the risk observed and prevented mechanisms for the investment in Africa. Meanwhile,China＇s investment provides a rare opportunity for development in Africa,and is mutually beneficial and win-win for China and Africa.