由于跨国企业出于税收筹划等目的，通过改变所有权结构或法律形式进行的跨境公司重构交易爆发式增长，2015年国际直接投资达1.76万亿美元，比上年大幅增长了38%，达到全球金融危机以来的最高值。其中，发达国家重新取得优势。发展中国家则受到商品价格持续下跌、经济增长放缓以及地缘政治风险加剧等不利因素的拖累，在国际直接投资“舞台”上表现不佳。然而，中国一枝独秀，不仅首次跃居全球第二大对外直接投资国，而且对外直接投资首次超过外商来华投资，实现资本账户直接投资项资本净输出。
Due to corporate reconfigurations，which often involve large movements in the balance of payments but little change in actual operations，global foreign direct investment（FDI）in 2015 jumped by 38% to $1.76 trillion，their highest level since the global economic and financial crisis of 2008-2009. Developed economies and developing countries are imbalanced. The former gains the advantage while the latter is on the wane encumbered by the falling commodity prices，the slowing economic growth and the escalating geopolitical risk. However China becomes the world second largest ODI investor and its overseas investment exceeds FDI for the first time.
| Keywords： | Foreign Direct InvestmentCross-border Merger and AcquisitionCorporate ReconfigurationsStructure Adjustment |
