Overseas investment by China's manufacturing industry: where to go?

China's manufacturing overseas investment has grown rapidly and become an important strategic choice for enterprises. When making ODI decisions, the manufacturing enterprises mainly evaluate from both the supply and demand side: for production localization, India, Turkey and Saudi Arabia are the top three choices; for supply chain realignment, Southeast Asia, India and South Korea are preferred regions for United States, and Turkey and Poland are preferred regions for Europe; Southeast Asia, India, Turkey and Mexico are prior regions for trade replacement; for strong purchasing power, Ireland, Poland, Romania, United States and India are on top of the list. The fragmentation of overseas markets due to geopolitical conflicts is the biggest challenge for Chinese enterprises. China's manufacturing industry will shift from 'made in China, sell to the world' to 'produce globally, serve globally.' China's new generation of multinational companies will grow rapidly with the expansion of manufacturing ODI.