Study On The Influencing Factors And Countermeasures Of Chinese Enterprises’ Direct Forestry Investment In Russia

Russia is a big country of forest resources in the world and a major importer of logs in China.China belongs to a country with relatively scarce forest resources.With the rapid development of China’s economic construction and the acceleration of industrialization and urbanization,the demand of Chinese forestry enterprises for logs and other timber resources is increasing.In order to narrow the gap between supply and demand of domestic timber resources,China imports a large number of logs and sawn timber from Russia and relies on Sino-Russian timber trade to alleviate the shortage of domestic timber supply.Against the background of deteriorating global ecological environment,in order to protect the sustainable development and utilization of domestic forest resources,the Russian government restricts the export of primary timber such as logs by increasing export tariffs,which hinders China’s import of logs from Russia.At the same time,in order to develop the field of wood deep processing in Russia,the Russian government had issued a series of preferential policies to attract foreign forestry enterprises to carry out direct investment in forest resources in Russia.Under such circumstances,it is an inevitable choice for Chinese forestry enterprises to go to Russia to engage in forest harvesting and wood processing business to realize the sustainable development of China’s forestry industry.Based on the theory of factor endowment theory,monopoly advantage theory,internalization theory,International Production Compromise Theory and marginal industry expansion theory,this paper first analyses the necessity and feasibility of direct investment of Chinese forestry enterprises in Russia,and then introduces the investment fields,scale,area and problems faced by Chinese forestry enterprises in Russia.Secondly,based on the data of China’s direct investment flows to Russia from 2005 to 2017,this paper uses multiple regression model to empirically study the factors affecting China’s forestry enterprises’ direct investment in Russia from three perspectives of economy,resources and system.According to the regression results of the model,which factors belong to the significant influencing factors,which factors play a positive role and which factors play a negative role.Finally,according to the current situation,problems and regression results of the model of Chinese forestry enterprises’ direct investment in Russia,this paper puts forward relevant development countermeasures and suggestions from the three levels of government,trade associations and enterprises in order to promote the sustainable development of forestry industry in China and Russia.