中国对外直接投资（ODI）经过四十多年的发展，进入到一个新的阶段。在国内，针对ODI的监管政策经历了“政策限制”“全面放松”、再到“鼓励发展+负面清单”的发展阶段。对中国ODI是否会带来国内产业空心化和资本外逃的疑虑也日益增加。在国外，中国企业面临日益高涨的政治风险，尤其是日益严苛的国家安全审查风险。在新形势下，中国企业该如何挟择“走出去”？如何规避和减少各类风险？中国政府该如何引导和规范企业“走出去”？如何让“走出去”更好地服务于国内经济的发展与转型升级？

After more than 40 years of development, China's outward direct investment (ODI) has entered a new stage. In China, the regulatory policies for ODI have gone through the development stages of "policy restrictions", "comprehensive relaxation", and then "encouraging development + negative list". There are also growing doubts about whether China's ODI will lead to the hollowing out of domestic industries and capital flight. Abroad, Chinese companies face rising political risks, particularly the risk of increasingly stringent national security reviews. Under the new situation, how should Chinese enterprises choose to "go global"? How to avoid and reduce various risks? How should the Chinese government guide and regulate enterprises to "go global"? How to make "going out" better serve the development and transformation and upgrading of the domestic economy?（AI翻译）

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