中文摘要：

基于中国对外投资企业数据库，本文实证检验了加拿大弗雷泽指数和世界银行治理数据库在解释和预测中国采掘类对外直接投资区位选择中的适用性。经验研究证实，弗雷泽指数和世行治理指数因其具有较强共线性而无法全面衡量东道国投资环境，也不能直接用于解释中国采掘类外直接投资。通过分解变异量重构指标，重构后的佛雷德指数可以有效应用于中国采掘类对外直接投资的评估与预测模型。

英文摘要：

Based on database of China＇s OFDI enterprises, this paper studies the suitability of the existing environmental assessment models to China ＇s OFDI which are mainly introduced by advanced western countries. Empirically, the Fraser index and the World Governance Index are all found to be highly correlated and are incapable of explaining the location decisions of China＇ s OFDI. However, after reconstruction with principle component analysis, the reconstructed Fraser index can be used to explain and predict the destination choice for Chings OFDI in the mining industries effectively.