The Impact Of Sino-Russian Mutual Investment To Economic Development

With the development of economic globalization, the leading role of foreign direct investment on the economy more and more strong.2014 foreign direct investment amounted to $823 billion($834 billion), compared to 2013 decreased slightly, and the economy in the development of foreign direct investment activities are even sustained rapid growth, foreign multinational enterprises in developing countries in 2014 investment rose 23%, reaching $468 billion, accounted for the proportion of foreign investment in developing countries has risen from 13% in 2007 to the current 1/3, and developing economies in Asia for the first time over North America and Europe, become the world’s largest foreign Chinese.2014 years, the outflow of foreign capital foreign direct investment amounted to $116 billion, as the world’s third largest foreign direct investment country. According to the forecast, in 2015 Chinese will be a net exporter of capital. China set a responsible big country in the world economic development The status of China and Russia are neighbors, but also belong to the world’s major countries, the two sides in the other’s foreign cooperation strategy has always been in an important position to maintain good relations between the two countries, is conducive to the interests of both China and Russia.Based on Chinese foreign direct investment and the introduction of foreign and Russian foreign direct investment and introducing foreign investment analysis, further analysis on the characteristics of Chinese direct investment Chinese’s direct investment in Russia and Russia, the Russian Chinese found the scale of investment increased year by year, the investment field is relatively concentrated, but the regional distribution is extremely uneven, mainly in the Russian economy is active or resource rich areas, investment diversification characteristics. The overall size of the Russian China investment is small, unreasonable investment structure and regional distribution of the whole cluster to the developed economies, the investment way is single. The result of regression analysis showed that the Russian capital investment, labor input Chinese directly to Russia. Investment in Russia of Russian economic growth were significantly affected, and Russian labor input, the Russian capital investment, Chinese straight to Russia Investment economy growth of Russia are. The output elasticity of labor is the biggest. This is mainly due to the current Russian industry is a major tendency in labor intensive industry; Chinese direct investment in Russia the output elasticity of smaller, which by the influence of Russian investment environment, China to Russia direct investment growth is slow is one of the important reasons.Direct investment in Russia of the regression equation showed that Chinese economic growth China capital investment, direct investment in Russia China on Chinese economic growth have a significant effect, but there is no evidence that Chinese labor inputs affect China economic growth, which is mainly due to the domestic industry is from labor-intensive to capital intensive and technology intensive excessive, thus weakening labor’s effect on economic growth. The regression coefficient, China capital investment, direct investment in Russia China regression coefficients were positive, indicating Chinese capital investment, the output elasticity of Russia’s direct investment in the China are positive, the regression coefficient in size, capital China regression coefficients of economic growth the direct investment in Russia is far greater than the China regression coefficient showed that Chinese capital input and output elasticity is greater than Chinese of Russian direct investment Output flexibility. In the end of this paper, the future research of the article is prospected.