Research On The Efficiency Of China's OFDI On Economic Growth

From the "going out" strategy to today "The Belt and Road" active construction,China's OFDI has experienced different development stages.In 2016,China's OFDI hit a record high of 19.615 billion dollars,ranking the second largest in the world.OFDI is an important way to speed up economic globalization,which also brings great impetus to China's economic revitalization.At present,China has become the world's largest trading country and the largest foreign direct investment recipient country.During the special period of the current world economic adjustment and the comprehensive transformation of domestic economy,China is pushing forward a new round of high level opening to the outside world to promote international capacity cooperation and building a transnational industrial system,finding new economic growth points and creating a new economic growth force.Under this background,it is of great necessity and realistic significance to study China's OFDI and its impact on the economy.This paper,taking China's OFDI and its impact on the economy as the research theme,based on the economic statistics,uses the method of qualitative and quantitative analysis to study the development process and the present situation of China's OFDI,and utilizes empirical analysis to study the impact of direct investment on the economy in China.The conclusions of this paper include the following aspects: first,the total scale of China's foreign investment expands rapidly.Second,foreign investment,global footprint,regional distribution is highly concentrated in developed countries,and The Belt and Road along the country is the future investment hot spot.Third,the industry of outward direct investment is widely distributed,and the trend of concentration is obvious.But the industry structure is not very reasonable.Fourth,China's OFDI can promote the growth of China's economy,while the domestic economic growth does not exert an apparent influence on OFDI,and there is no two-way Grainger reason for economic growth and foreign direct investment.Through regression analysis,it is found that FDI plays a positive role in upgrading the industrial structure of the home country.Therefore,our country should seize the opportunity,The Belt and Road Iniative,to consume the excess capacity through foreign direct investment and look for new economic growth point.It is believed that through the accumulation of foreign direct investment in quantity and the improvement in quality,the positive impact of our foreign direct investment on the scale and structure of the economy will be highlighted,and then the economic growth of our country will embrace a great promotion.