A Study On The Influence Of Bilateral Investment Treaties On China's Outward FDI

“Go Global”strategies and “One Belt One Road” strategies are the vitally important strategies since the reform and Opening,which provide power to Chinese economy and extend the influence of China in global society at the same time based on Chinese fundamental realities. Signing bilateral investment treaties with other countries is an efficiency way to achieve “go global” and “One Belt One Road” strategies, which guarantees a healthy investment climate and promotes outward FDI from China to the countries effected by “One Belt One Road”.On the background of “One Belt One Road”, on one hand, this paper study the articles of BIT and the mechanisms of BIT qualitatively; On the other hand, Based on Extend-Gravity Model and PTR Model, this paper employs panel data from 64 countries effected by “One Belt One Road” Strategy from 2003 to 2012 to empirically analyzing the influence of BIT on outward FDI. The results show that bilateral investment treaties that China signed with “One Belt One Road” countries couldn't protect China's OFDI effectively, which needs amendment. BIT could promote Outward FDI from China to the countries effected by “One belt One Road”, especially to the developing countries and high-level trade volume countries. The paper trying to use panel data from 64 countries effected by “One Belt One Road” Strategy, and have a taxonomic study based on empirical results, which have a positive policy guiding significance.