A Study On The Location Choice Of Multinational Investment Of Chinese Enterprises In The Background Of "the Belt And Road"

According to the Ministry of Commerce statistics,in 2015,China's net foreign direct investment was $145 billion 670 million,an increase of 18.3%.Chinese began to vigorously implement the "The Belt and Road" strategy,"Silk Road Economic Belt" in twenty-first Century and "maritime Silk Road" has become an important area of Chinese enterprises to "go out",can be expected The Belt and Road "strategy will greatly boost the China enterprise foreign direct investment scale and quality.The foreign direct investment of such a large area and rapid growth,the research on location selection of foreign direct investment,regional distribution of foreign direct investment of enterprises how to arrange reasonably and effectively is one of the key problems to be solved.Based on the history and current situation of China's FDI location distribution,we can find that the location distribution is different in different periods.So in the beginning of The Belt and Road "strategy,regional distribution of foreign direct investment has become the focus of the study,it gives reference for related enterprises in the days after the" The Belt and Road national investment,thus reducing the risk of foreign direct investment enterprises.Based on the background of "The Belt and Road",starting from the theory of foreign direct investment and regional economics,location choice of multinational investment China.Through theoretical research,using gravity model constructing model based on 2009-2015,China of The Belt and Road related countries "foreign direct investment flows for panel data sample.In this paper,we use stata12.0 statistical software to analyze the data.And provide suggestions at the enterprise level and the government level.This paper combine theoretical research and empirical research methods;qualitative research and quantitative research,through the establishment of a four control variables in the econometric model with individual fixed effects regression model,an empirical test of the effects of the variables on the location choice of Chinese foreign direct investment.The results show that the GDP,the bilateral trade volume and the economic gap of the host country have positive effects on FDI flows.In the introduction part introduces the background,purpose and significance of this article;reviews the related literature at home and abroad,and according to the literature to determine the content and ideas of the research framework of this study.In the first part first defines the concept of the proposed foreign direct investment,location choice and "The Belt and Road" strategy;then,the review of the foreign direct investment and the theory of location choice,including the internalization theory,the eclectic theory of international production,marginal industry theory,regional economics theory and the theory of gravity model.In the second part introduces the development and current situation of Chinese foreign direct investment,foreign direct investment from foreign direct investment to flow as long as the contribution of domestic provinces and cities,which mainly describes the status quo of foreign direct investment and area of The Belt and Road "relevant countries or regions to choose.The third part of the literature review and theoretical analysis as the foundation,proposed on the " The Belt and Road related countries " foreign direct investment location selection hypothesis.According to the research hypothesis,we choose the explanatory variables,the direct investment flows and the explanatory variables.Select the panel data of 2009-2015 47 to The Belt and Road " relevant countries or regions as samples.Finally,based on the gravity model,this paper establishes a model with four explanatory variables.The fourth part uses the stata12.0 software to carry on the data processing,the regression and the analysis to the panel data to draw the conclusion to carry on the comprehensive comparison analysis with the research hypothesis and the previous literature.The fifth part of the Haier group,MIUI,China high-speed railway for example,the initial development of a listed enterprise in the area of "road","investment The Belt and Road" neighboring countries.So as to verify the practical significance of this paper.The sixth part is based on the empirical results.Through the conclusion of the study,the paper puts forward some suggestions and policy suggestions for multinational corporations.Finally,the limitations of this study and suggestions for further research are pointed out because of the availability of the data and the limitations of the variable selection.