The study aimed to shed light on Foreign Direct Investment (FDI) as one of the most important economic tools that most developing countries strive to attract and benefit from. The focus was on the factors attracting FDI through the successful Chinese experience, where China has become one of the most significant countries in the global market for attracting FDI. The study also addressed how to enhance the attraction of FDI to the Egyptian market, especially since Egypt has made significant efforts in recent years to achieve considerable progress in many determinants of FDI, including infrastructure development and business environment reform, aiming to improve its competitive position in this field and provide fundamental solutions to some chronic economic problems faced by the Egyptian economy, within the framework of implementing the pillars of Egypt's Vision 2030. To achieve the study's objectives, descriptive statistics and econometric analysis were used on the economic determinants under study, employing the Autoregressive Distributed Lag (ARDL) model to analyze the relationship between FDI inflows and a set of factors determining these investments. The EVIEWS statistical analysis program was used to build an econometric model for FDI to Egypt or China. The study results showed a statistically significant negative relationship between the exchange rate of the yuan against the dollar and FDI, as an increase in the exchange rate by 1 yuan/dollar leads to a decrease in FDI inflows to China by approximately $159.486 billion. In contrast, the effects of labor, trade openness rate, and average money supply growth were not statistically significant. The results also showed that the trade openness rate lagged by one period has a significant positive relationship, meaning that an increase in the trade openness rate by 1% leads to an increase in FDI inflows to Egypt by approximately $157.59 billion. Keywords: Foreign direct investment, ARDL model, Exchange rate, The rate of commercial openness.