A Study On The Influence Of China's Outward Foreign Direct Investment On Export Structure

As an international economic and trade activity,foreign trade and foreign investment are inextricably linked.With the implementation of the development strategy of "going abroad",especially the promotion and implementation of "The Belt and Road," It can not only promote the scale of China's OFDI,but also affect the pattern of foreign trade development.Therefore,it is of great practical significance to continue to track and study the change of the relationship between China's OFDI and foreign trade.Based on the relationship and interaction between China's OFDI and export structure,this paper analyzes the mechanism,current situation and empirical analysis respectively.Firstly,in the mechanism analysis,based on the difference of the investment motivation,OFDI is divided into downgraded OFDI and reverse gradient OFDI.The influence mechanism of different types of OFDI on export structure is analyzed.Secondly,it mainly analyzes the current situation of export scale and export structure from the perspective of OFDI,and reveals the dynamic evolution relationship between them.The conclusion is that OFDI can promote the export scale and export structure of our country.In the empirical analysis,the time series model is first established.Using the data of China's export commodity structure and the total stock of China's OFDI from 2003 to 2016.The effect of OFDI on the export scale of each type of commodity is analyzed.Then,the conclusion that OFDI can promote the optimization and upgrading of China's export structure can be concluded by comprehensive comparative analysis of the three regression results.Then the grey relational model is established to analyze the influence of OFDI on export structure optimization according to the rank of grey correlation degree from the perspective of industry difference of China's OFDI.From the above analysis,it can be seen that China's foreign direct investment not only leads to the increase of export scale,but also has a significant positive effect on the optimization of China's export structure.The positive correlation between China's OFDI and the changes in export structure shows that we should continue to promote the development of OFDI in China,especially by means of "The Belt and Road" construction,so as to further optimize the structure of China's OFDI and export target.To this end,we propose to expand the investment of "The Belt and Road" and optimize the industry selection.We will improve the facilitation of foreign investment and continue to reduce the cost of OFDI.Strengthen economic and trade exchanges and exchanges,establish good international image and other countermeasures and suggestions.