Research On The Trade Effect Of My Country's Foreign Direct Investment

The global economy is undergoing a profound transformation.In the past,China's export-oriented economic development model of "introducing foreign capital plus export trade" must be integrated with the "foreign investment plus import trade" model.Since China's accession to the WTO in 2001,especially since the global financial crisis in 2008,China's outward foreign direct investment(OFDI)has developed rapidly,the flow volume has ranked second or third in the world,and the main body of OFDI is no longer limited to large state-owned enterprises,The investment field is no longer limited to energy resource and the flows of OFDI are more market-oriented,so OFDI's effects are more economically valuable.In view of the fact that the expansion of OFDI in some countries has led to problems such as insufficient domestic investment,declining exports,and hollowing out of the economy,the studies on OFDI's trade volume effect,trade structure effect,and value chain escalation effect are of great significance to improve China's OFDI policy,coordinate the development of OFDI and foreign trade,reach the middle and high segments of the global value chain,and promote the formation of a comprehensive and open new pattern under the background of rapid development of OFDI.Based on the literature review at home and abroad,the paper first reviewed the series of OFDI trade effects theory,and considered that the research on the relationship between trade and investment in the new and new trade theory and global value chain theory reflects the new development of the current integration of trade and investment.It is more suitable as the theoretical basis for thesis research.Then,the paper analyzes the current situation of OFDI and foreign trade development in China,and describes the correlation between the two by using statistical data such as development history,scale,industry distribution,and regional distribution,laying the foundation for empirical analysis.In the empirical part,the paper focuses on the OFDI trade volume effect and trade structure effect.The results show that,on the whole,OFDI in China has a significant creative effect on import and export trade,but there are differences between regions:OFDI in the east and central regions has a significant role in promoting exports,the western region is not significant.and OFDI in the east and west are significant in promoting imports,but the central region is not significant.The effect of OFDI trade structure shows that OFDI has a significant role in promoting the export of Chinese mechanical and electrical products and high-tech products,and has a positive effect on the optimization and upgrading of China's trade structure.Combining the fact that the proportion of OFDI entities and the total volume in the eastern region of China is the largest,we can draw the conclusion that OFDI and trade,especially export trade,develop in a coordinated way.The fifth chapter of the thesis analyzes the value-added chain upgrade effect of OFDI in China through the combination of theoretical analysis,statistical analysis and classical fact analysis.The results show that OFDI has a partial value-chain escalation effect,but overall it is not significant.The fundamental reason lies in the fact that there are fewer companies in China to co-ordinate the international and domestic markets and control the value chain.Based on the above findings,combined with new and new trade theories and global value chain theory,the final part of the paper puts forward policy recommendations:continuing to encourage high-productivity companies to go global to realize the coordinated development of trade and investment;deepening the market-oriented reform of factors to nurture several world-class industrial clusters;Optimizing OFDI investment structure towards the high-end of the value chain;Opening domestic service market to reduce technology-obtained OFDI barriers;Strengthening authenticity compliance review to prevent OFDI virtualization bubble Change.