Based on the panel data of 34 countries in China’s FDI relationship from 2009 to 2017, an empirical research on the influencing factors has been carried out. The results show that the host country’s GDP and the geographical distance between the two capitals and the legal system have restrained China’s foreign direct investment. Bilateral trade volume between the two countries and the host country’s ability to control corruption have a significant positive correlation with FDI, while the host country’s labor costs and political stability have no significant impact on China’s outward direct investment. Finally, a conclusion has thus been drawn on the influencing factors of China’s foreign direct investment, with its seeking motive dominated by the market and resource-seeking type. China, with a strong“risk preference”under the policy support of the recipient countries, tends to invest in countries with similar surrounding cultures with trade contacts and successful investment.