Study On The Trade Structure Effect Of China's Direct Investment In ASEAN

Since the beginning of the 21 st century,China's economic and trade cooperation with asean has entered a stage of rapid development.As two ways to enter the asean market,China's direct investment in asean and China's import and export trade with asean have both developed rapidly.The establishment of china-asean free trade area in 2010 has provided more convenient conditions for bilateral investment and trade,in particular,since the "One Belt And One Road" initiative was put forward in 2013,trade and investment between China and asean have been expanding in both depth and breadth,and a series of new progress has been made in infrastructure construction and international production capacity cooperation.As the region where China's "One Belt And One Road" initiative is focused,asean plays an important role in promoting the construction of "One Belt And One Road",as a result,analysis to clarify the impact of China's direct investment in asean on bilateral trade,discusses on how to use foreign direct investment activities to promote the improvement of the commodity trade structure in our country,thus changing the way of promoting economic development has very important practical significance.This paper conducts mechanism analysis,status analysis and empirical analysis on the relationship between China's direct investment in asean and the optimization of bilateral trade structure.On the basis of combing the structural mechanism of trade influenced by different motivations of direct investment,this paper analyzes the development of China's direct investment in asean and bilateral import and export trade,and it focuses on the specific ways in which ofdi influences the trade structure between China and asean,and the differences in the specific ways in which the direct investment activities of different motivations affect the trade structure.By selecting the data of asean's direct investment and trade commodity structure and establishing a time series regression model,it is concluded that ofdi can promote the upgrading of China's trade structure.Further,a grey correlation model was established from the perspective of the differentiation of direct investment industry to empirically analyze the influence degree of ofdi of different industries on the optimization of trade structure.Theresults show that China's direct investment in asean promotes the upgrading of China's industrial structure through different paths and has a positive impact on the optimization of bilateral trade structure.Through the analysis of the comparative advantages of different asean countries,this paper provides guidance on how Chinese enterprises can better carry out direct investment activities in asean,and provides reference for promoting the smooth development of bilateral economic and trade cooperation and continuously promoting the optimization of trade structure between China and asean.