Research On The Development Of Outward Direct Investment In China’s Power Industry

As the pillar of energy in modern society,electric power is the basic and important industry related to the national economy and people’s livelihood.Over the years,it can be seen that the electric power development in China is fast,the overall level is constantly improving,and some industry technologies have reached the international leading level.With the gradual expansion of China’s opening to the outside world,the proposal and practice of“The Belt and Road Initiative”,as well as the implementation and promotion of national energy development strategy,China’s electric power development is facing new historical opportunities.Under this situation,many electric power companies are actively responding to national policies,going abroad and gradually developing in the competition of international electric power market.However,it exists many risks and challenges in the process of foreign direct investment due to the particularity of the electric power industry and the uncertainty of the international market environment.Therefore,this paper has a theoretical and practical significance to study the development of China’s power industry’s foreign direct investment.On the basis of the systematic analysis of relevant literature and theories,it takes the foreign direct investment of China’s electric power industry as the research background,which uses qualitative and quantitative research methods to analyze the factors affecting its development.Moreover,it selects the dual perspectives of home and host countries as well as the latest data for empirical analysis,and carries out targeted prediction,which is comprehensive,timely and forward-looking.This paper conducts out qualitative analysis on the current situation of China’s electric power investment in related countries and regions,as well as the typical case of China’s investment in Brazil’s electric power market.Based on it,it can demonstrate the impact of economic,political and industrial factors on the foreign investment of China’s electric power industry from the perspective of home country and host country.Then,it obtains the quantitative data of relevant influencing factors through qualitative research to build the measurement model.Based on the panel data of 14 selected countries from 2008 to 2017,it determines three factors with significant influence by model regression.After that,it uses the linear trend of time series data to predict the investment flows of Malaysia and Myanmar in the next five years.Finally,it summarizes the current problems of foreign investment according to the qualitative and quantitative research conclusions,which also puts forward the reference countermeasures and suggestions from the perspectives of government and enterprises.