Analysis On “one Belt And One Road” Countries' Investment Facilitation And Its Influence On Chinese Foreign Direct Investment

In March 2015,the Chinese government issued the "One Belt And One Road" strategy.Currently,“One Belt And One Road” is the longest economic corridor in the world,spanning three continents,covering 66 countries,with a total population of about 4.4 billion.As the development of the "One Belt And One Road" strategy,China has been actively engaged in bilateral and multilateral agreements with the "One Belt And One Road" countries,to achieve economic prosperity,political mutual trust and cultural inclusiveness.At present,the Chinese government is actively promoting the foreign direct investment of Chinese enterprises to countries along the “One Belt And One Road”,and the investment facilitation of countries along the “One Belt and One Road” are important factors affecting China's foreign direct investment.Firstly,the thesis has elaborated the background and the significance of the topic.Based on the definition of investment facilitation and the existing theoretical results at home and abroad,this thesis combines the relevant theoretical basis,including location advantage theory,transaction cost theory,investment induced combination theory and competitive advantage theory,and study the impact of investment facilitation on Chinese foreign direct investment with countries along the "One Belt And One Road".Secondly,after analyzing the Chinese investment in the countries along the "One Belt and One Road",combining with the previous theoretical results and using the principal component analysis,the thesis builds a set of relatively complete measure system of investment facilitation,and measures the investment facilitation level of countries along the "One Belt And One Road" in 2010-2016,and conducts a comparative analysis based on the scores.The results show that the investment facilitation level is the most affected by the business investment environment,and then the infrastructure construction,financial service environment and institutional environment.Thirdly,the thesis has constructed a gravity model and has used the method of panel data to analyze the influence of the investment facilitation level of the countries along the “One Belt And One Road” on the Chinese foreign direct investment.It turns out that improving the investment facilitation of countries along the “One Belt And One Road” will help to increase Chinese foreign direct investment.Finally,from the perspective of enterprises and countries,this thesis has put forward effective and reasonable suggestions,such as strengthening policy communication,promoting the construction of infrastructure and building a favorable institutional environment on how to improve the foreign direct investment in China and how to improve the investment facilitation level of countries along the "One Belt And One Road"...