Abstract
<jats:p>This chapter examines the characteristics and trends of Chinese Outward Foreign Direct Investments (OFDI) between 2000-2024. Using the Varieties of Institutional Systems (VIS) framework developed by Fainshmidt et al. (2018), the chapter unpacks how institutional arrangements such as the role of state, financial markets, human capital, social capital, and corporate governance shape firm behavior at home and abroad. This study addresses a theoretical and empirical gap by connecting the home country's institutional variety to internationalization patterns and strategies of Chinese multinational enterprises (MNEs). The findings in this chapter would help scholars, managers and policy makers to understand China's global investment.</jats:p>