A Study Of The Trade Effect Of China's Ofdi To The Countries Along The Belt And Road

In September 2013,since President Xi Jinping proposed the “Belt and Road Initiative”,China's direct investment in countries along the “Belt and Road” has grown rapidly and trade has become more important.With the rise of trade protectionism and the emergence of Sino-US trade frictions,the “Belt and Road” initiative has become increasingly important for China to achieve full-scale opening up in the new era.At the same time,international trade and international investment play two main ways of resource allocation in the world.The relationship between the two has always been a topic of concern to the academic community.What kind of influence does China's direct investment in countries along the “Belt and Road” have on bilateral trade,and whether it promotes the development of China's foreign trade,and is crucial to how to promote the“One Belt,One Road” initiative to continue to develop in depth and promote China's economic growth in the future.Therefore,it is particularly necessary to study the effect of foreign direct investment trade from a China perspective comprehensively and systematically,and to explore the impact of foreign direct investment on the scale of home country trade.Based on the combination of theoretical analysis and empirical test,this paper studies the trade effect of China's direct investment in countries along the “Belt and Road” from the“overall-country-product” level.The specific research content is arranged as follows:Chapter 1,Introduction.It mainly expounds the background and significance of the topic selection,and puts forward the main problems and research goals of this paper.At the same time,these is a brief introduction to the research methods,possible innovations and deficiencies of this paper.Chapter 2,Theoretical basis and literature review.Firstly,this chapter elaborates the theoretical basis of the research in this paper.Secondly,it defines the core concepts of this paper.Then,it systematically summarizes the research results of the foreign trade policy and the “Belt and Road Initiative”.Chapter 3,China's outward foreign direct investment in the countries along the “Belt and Road” and the status of import and export of trade.This chapter mainly describes China's OFDI in the countries along the “Belt and Road” and the status of trade import and export.First of all,since the “Belt and Road Initiative” is an open framework,refering to the existing literature and the connotation of the B&R,and it defines the countries along the B&R.At the same time,based on geographical location,the countries along the B&R are divided into five categories: Southeast Asia,West Asia,South Asia,CIS,and Central and Eastern Europe.Secondly,It introduces the development history of China's OFDI in the countries along the B&R from 2003 to 2016.Then,from the three dimensions of“overall-country-products”,it analyzes the trends of trade import and export between the countries along the B&R and China from 2003 to 2016.Chapter 4,The theoretical analysis of the China's OFDI trade effect of countries along the B&R.This chapter mainly analyzes the impact of China's OFDI in countries along the B&R on trade import and export.First,referring to the existing literature,we explore the investment motives of China's OFDI,and divide the investment motives of foreign direct investment into resource seeking,market-oriented and technology seeking.Secondly,based on OFDI motives,the impact of China's OFDI on trade import and export is analyzed.Then,based on China's OFDI motives in countries along the B&R,the trade effects of China's OFDI in countries along the B&R are discussed from the perspective of import and export.Chapter 5,The export trade effect of China's OFDI by countries along the B&R.This chapter is mainly based on the theoretical analysis of Chapter 4,empirically studying the impact of China's OFDI in the countries along the “Belt and Road” on the scale of exports.Firstly,this chapter discusses the export trade effect of China's OFDI in countries along the B&R,that is,whether it is an alternative relationship or a complementary relationship between OFDI and the size of the home country's exports;secondly,from the perspective of country and product type to study the heterogeneity of the effect of China's OFDI in the export trade for five regions.Moreover,the sources of China's heterogeneity in the effects of OFDI for five major regions are discussed.Chapter 6,The import trade effect of China's OFDI by countries along the B&R.This chapter is mainly based on empirical analysis methods to study the impact of China's OFDI in the countries along the B&R on the scale of imports.First of all,this chapter discusses the import trade effect of China's OFDI in countries along the B&R,namely the relationship between OFDI and the size of the home country's imports.Secondly,from the perspective of country and product type to study the heterogeneity of the effect of China's OFDI in the import trade for five regions,and the sources of China's heterogeneity in the effects of OFDI for five major regions are discussed.Chapter 7,The conclusions and policy recommendations.We summarize the main conclusions from theoretical analysis and empirical analysis in the previous chapters.Based on the conclusions of this paper and the current real economic situation of China's all-round opening up,the following policy recommendations are proposed.