Empirical Analysis Of The Influencing Factors Of China’s Direct Investment To Japan

In recent years, as China’s overall economic strength increased, more and more enterprises go abroad, Chinese enterprises foreign direct investment has got rapid development, China has become the second only to the United States, Japan’s third-largest country foreign direct investment.However, China’s direct investment for Asian neighbors Japan is generally slow development. At present, China’s direct investment in stock is small, but rapid growth on the threshold of the traffic. What factors influence and restrict the growth about Japanese direct investment in China? The prospect of China’s direct investment to Japan? Answers to these questions, not only helps to enrich the reverse FDI theory, and to further enhance the Chinese direct investment scale, optimizing the structure of Chinese direct investment to Japan has important practical significance.This paper use eviews, through the stationary series test and error correction model for China to empirical test, the influence factors of direct investment, find out the cointegration relationship, and measure the different influence factors on China’s direct investment stock influence coefficient. The empirical results show that the degree of market opening, Japan’s per capita gross domestic product(GDP), the yuan against the yen exchange rate, China’s per capita gross domestic product(GDP) is proportional to the Chinese direct investment stock to Japan, including market openness, Japan’s per capita gross domestic product(GDP) influence coefficient is bigger,, on Thursday, China’s direct investment mainly by policy guidance and Japan’s economic strength and the influence of the size of the market; And Japanese corporate tax, real wage gap, China’s exports to Japan and China to Japan is inversely proportional to the stock of direct investment, tax, on Thursday, China’s direct investment cost, labor cost is the main restraining factors.This article is divided into five chapters, the problem of the influence factors of Chinese direct investment to Japan has carried on the correlation analysis. The main contents as follows:Chapter 1: introduction. Mainly from the domestic and international two aspects, this paper introduces the background of investment, and the existing related research are reviewed.Chapter 2: foreign direct investment theory. This part mainly discusses the existing reverse type direct investment theory, for day to invest directly in China as a theoretical basis.Chapter 3: about Japanese direct investment in China the status quo and influencing factors. This chapter from the investment scale, industry distribution and mode from three aspects about Japanese direct investment in China is described in this paper the status quo; And from the market, policy, cost, trade four aspects analyzes the factors affecting foreign direct investment to Japan.Chapter 4: empirical research about influencing factors. This chapter use eviews empirical test, it is concluded that the influence of each variable coefficient, the influence of different variables.Chapter 5: conclusions and policy recommendations. Day according to the above for qualitative and quantitative analysis of the influential factors of direct investment, summarizes some of the existing problems, and puts forward corresponding countermeasures and Suggestions.