Abstract: In the perspective of national differences, we choose 2003-2014 panel data of 28 major countries and regions, and divide them into two categories as developed economies and developing economies. By means of investment gravity model, we emphasize on the host country's market factors, resource endowment factors and technical factors on China's foreign direct investment location choice. The study indicates that China's OFDI location choice shows a significant country difference. Its investment to the developed economies is influenced by market size factors and technology endowment factors, and to the developing economies, its investment is influenced by both the market size and resource endowment factors investment. In addition, we find that with the promotion of technology level and the innovation of transport, distance is no longer a determining factor to China's OFDI location choice.

Key words: OFDI, location selection, gravity model