Abstract
Cooperation with ASEAN will not only speed up the adjustment of domestic industrial structure and resolve domestic excess capacity, but also achieve the purpose of marginal industrial transfer. It will also help ASEAN countries to develop together for mutual benefit. This article analyzes the current status of China's direct investment in ASEAN, and then combines the driving factors of foreign direct investment (natural resource-seeking, efficiency-seeking, and market-seeking) to analyze the specific driving factors of Chinese enterprises' direct investment in ASEAN. The results put forward the possible risks from the above three perspectives and countermeasures for Chinese companies, which make direct investments in ASEAN countries.
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