Research On "One Belt And One Road" Countries’ Investment Facilitation And Its Influence To China’s Foreign Direct Investment

On March 28,2015,the government of China officially released “promote the vision and action of the Silk Road Economic Zone and the 21 st century of Marine Silk Road”,which emphasizes “accelerating the process of investment facilitation and eliminating investment barriers”.The level of investment facilitation as an important factor affecting China’s foreign direct investment will affect the process of China’s foreign direct investment to “One Belt and One Road” countries to a certain extent.This paper uses the method including theoretical research,qualitative analysis and quantitative analysis,empirical analysis and normative analysis to discuss the Impact of investment facilitation level on China’s foreign direct investment.Beginning with elaborate the theory of investment facilitation,this paper analyzes the current situation of China’s direct investment in “One Belt and One Road” countries,found that direct investment grow rapidly and the dependence of direct investment is increasing year by year;the non-equilibrium is significant to different countries;the scale and the increment speed direct investment to the regions has significant difference.Secondly,this paper systematically constructs the measuring system of investment facilitation,and evaluates and compares the level of investment facilitation of “One Belt and One Road” countries from 2010 to 2015 by using the method of factor analysis.The research shows that financial service has a greatest impact on the level of investment facilitation of “One Belt and One Road” countries,followed by infrastructure and business environment,system environment has the minimal effect on them.At the same time,the level of investment facilitation is low of “One Belt and One Road” countries;there are obvious differences between nations and regions and outstanding non-equilibrium of them in the level of investment facilitation,Most of which present the downward trend but overall have a greater room for improvement.Thirdly,this paper analyses the influence of countries and regions’ investment facilitation and the investment facilitation index to China’s foreign direct investment,the results show that improving the investment facilitation level can help promote the growth of foreign directinvestment of China.Finally,this paper puts forward some targeted suggestions that,in the future,“One Belt and One Road” countries should reinforce policy communication,promote infrastructure interconnection,Strengthen policy coordination and improve the business environment,sound financial service system and create a good system surroundings.