Research On The Influencing Factors Of China's Direct Investment In Countries Along The "Belt And Road"

The proposal of " Belt and Road" marks that China's OFDI has entered a new stage of development.As a new type of open inclusive economic cooperation initiatives,China hopes to achieve win-win cooperation along with the country.At present,China's policy orientation is to encourage Chinese enterprises to actively investment countries along the "area",priority to the development of infrastructure.In the economic cooperation between China and countries along the " Belt and Road",FDI is a key area.Since the initiative was put forward,China's direct investment in countries along the "area" has shown a rapid growth trend,but it still faces severe risks of outbound investment.Since most of the countries along the " Belt and Road" are developing countries and have great differences,there are some special considerations in the investment process of enterprises.Therefore,it is necessary to study the influencing factors of China's direct investment in countries along the " Belt and Road".This article first analyzes the Chinese for " Belt and Road" all the way along the national direct investment mechanism and the influential factors of China's investment in the country along the status quo,and then based on the 2008-2017 China's "neighbourhood" all the way along the main national direct investment related data,using the extension of investment gravity model,from two aspects of the whole sample and sample,the empirical analysis the Chinese direct investment to countries along the " Belt and Road" of the main influencing factors.The full sample empirical analysis shows that China's direct investment in the countries along the " Belt and Road" is mainly positively affected by the host country's GDP,resource endowment level,science and technology innovation ability and government governance level,infrastructure level,China's export level to the host country,while the host country's labor cost and investment distance will hinder China's investment in the countries along the " Belt and Road".According to the empirical analysis of samples,the factors that influence China's direct investment in countries vary greatly in different development regions.China's direct investment in central and eastern Europe is mainly affected by three factors: technology,export and infrastructure.Investment in the Middle East,west Asia and central Asia regions showed significant resources for motivation,for southeast Asia's direct investment influenced by multiple factors,of which the host country market size and the most significant the influence of two factors,labor costs and direct investment in south Asian countries the main important drivers for the size of the market and export levels.Based on the empirical research conclusion,this paper puts forward the corresponding effective countermeasures and Suggestions on how to expand China's direct investment in countries along the " Belt and Road".