Outward foreign direct investment has increased significantly in recent years and a con-siderable part is going to developing countries. This thesis examines the determinants of Chinese outward FDI to developing countries. Data from 2003 to 2008 has been col-lected from 104 developing countries which have received Chinese FDI.The analysis is based on the results of a semi-gravity model. The variables included in the regression are resource-richness, GDP, openness to trade, bilateral trade with China, and distance from Beijing. As expected by the authors, Chinese FDI was found to be strongly correlated with resource-richness and the existence of trade ties between China and the recipient country. Quite disturbingly, the results show a strong relationship be-tween Chinese FDI and corruption. A negative correlation was confirmed for the level of GDP, openness to trade, and distance to Beijing, along with the authors‟ expecta-tions.