| In September and October 2013,President Xi Jinping proposed the strategic concept of "New Silk Road Economic Belt" and "21st Century Maritime Silk Road".In this context,the Chinese government attached great importance to Xinjiang’s opening to the outside world.March 28,2015,the state issued "to promote the construction of the Silk Road Economic Belt and the 21 st century maritime Silk Road vision and action" clearly in Xinjiang as "one belt one road" the strategic positioning of the region,which is in Xinjiang,"one belt one road," the construction of a major opportunity.Since the reform and opening,Xinjiang’s foreign direct investment(FDI)has been expanding from 86.91 million US dollars in 1997 to 452.5 million US dollars in 2015,with an average annual growth rate of 22.62%.However,we should note that the overall scale of attracting foreign direct investment in Xinjiang is on the low side,which is far below the national average level.Moreover,the foreign investment in Xinjiang still has the characteristics of single investment pattern and irrational investment structure.Xinjiang attracts weak foreign direct investment,and is very inconsistent of Xinjiang as a resource province and "one belt one road" core area of the strategic position.In this situation,this research analyzes and studies about the influencing factors of FDI inflow in Xinjiang,and puts forward the corresponding countermeasures of improving FDI in Xinjiang under the historical opportunity of "one belt one road",which is helpful to improve Xinjiang’s ability to attract more FDI and also has important significance to promote Xinjiang’s economic development.This research first introduces the background and significance,summarizes domestic and foreign literatures,and constructs the theoretical framework of this paper from the theory of international direct investment and location theory.Secondly,from the Xinjiang foreign direct investment scale,investment,investment structure of the three aspects of the system of "one belt one road" context of Xinjiang FDI situation.By sorting out and analyzing the FDI-related data of Xinjiang Statistical Yearbook2005-2016,it is concluded that the scale of foreign direct investment in Xinjiang is relativelylow,the investment mode is single,the investment structure is unreasonable,the industrial distribution is unbalanced,the location distribution is unbalanced,More concentrated.Thirdly,this research uses the method of the combination of theoretical analysis and empirical analysis to study the influencing factors of attracting foreign direct investment in Xinjiang.According to the analytical framework of the United Nations Conference on Trade and Development on the location factors of foreign investment and the research results of the scholars in the related research,eight factors are selected to analyze the influencing factors of FDI inflow in Xinjiang.The eight factors followed by policy factors,market factors,degree of opening to the outside world,infrastructure construction,natural resources,cost factors,human resources,aggregation effect.Combined with previous research methods and results of the literature,these eight factors were quantified,select the appropriate indicators for empirical research.Finally,according to the result of the analysis,this research puts forward the corresponding strategies from the government,industry and enterprise to improve the FDI in Xinjiang.On the government level,the government should strengthen the construction of transportation infrastructure with the opportunity of "one belt one road",set up a special fund for foreign investment in the Silk Road Economic Belt,and raise the level of human capital with the "talent strategy";The industrial level strategy is to set up pilot of Silk Road Economic Belt in the industrial park,"feature + advantage" to promote industrial structure optimization;Enterprise level is to strengthen the multinational cooperation with the countries along the "one belt one road",use "Internet +" platform to broaden the channels of FDI. |
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