To elucidate the theoretical underpinnings and practical nuances of China's Outward Foreign Direct Investment (OFDI) in Indonesia spanning 1990-2022, this book intricately integrates its evolutionary trajectory within the framework of both traditional and emerging investment theories. Employing a judicious blend of standardized and empirical approaches, the book employs a comprehensive mix of quantitative and qualitative research methods to provide a nuanced understanding of this dynamic subject matter. Against the backdrop of the post-pandemic era, this book takes the international investment landscape as its context, focusing on Indonesia as the subject of country-specific research. It demonstrates the evolutionary trajectory of China's enterprises' direct investment in Indonesia, synthesizing the structural characteristics of these investments. The study empirically examines the investment effects and their operational mechanisms, determining the multi-dimensional investment distances between the two countries. Additionally, it illustrates the mechanisms underpinning the occurrence of the "liability of foreignness" risks faced by Chinese enterprises and defines the core elements and implementation pathways of the innovative localization investment model.