Location Selection Of Chinese Outward Direct Investment In The Belt And Road Initiative Area

On March 28,2015,the Chinese government officially released the?to promote the construction of the Silk Road Economic Belt and the twenty-first Century Maritime Silk Road vision and action?.How to determine the value chain position The Belt and Road Initiative along the countries and regions,the scientific guidance of foreign direct investment location,has become a major issue to solve.Foreign direct investment is a major and effective way to carry out the "going out" strategy.And for Chinese enterprises,whether it is macro or micro,foreign direct investment is facing the problem of location selection.The current study focuses on aspects of the natural resources,market factors such as factor analysis of foreign direct investment Chinese enterprise motivation and influence,lack of macro investment pattern for the country.In this paper,through analyzing the relationship between foreign direct investment and the theory of value chain,the value chain theory to guide the foreign direct investment location choice analysis framework,first reviews the research progress on foreign direct investment at home and abroad scholars,reviews the theory of foreign direct investment location choice basis;secondly Chinese analysis in investment the status quo The Belt and Road Initiative along the country,including the The Belt and Road Initiative along the country's basic situation,China of The Belt and Road along the country's investment;once again to build the value chain theory of foreign direct investment location choice model based on value chain theory,clarify the inherent mechanism of the location choice of OFDI guidance;then the choice of The Belt and Road Initiative along OFDI's location for empirical analysis,from two aspects of state and industry estimates The Belt and Road along the country GVC participation rate,GVC status index,clear Chinese in The Belt and Road Initiative GVC in the downstream position and GVC position in international division of labor,the location choice of foreign direct investment in the host country Chinese;finally,it puts forward the policy suggestion to optimize the location choice of China's foreign direct investment from the industrial level.Through the study to obtain the following conclusion:in front of the GVC to participation rate index can be seen in China is located in the lower reaches of GVC,is used in large quantities from other intermediate goods production or assembly,China's position in international division of labor is still low.From the point of view of GVC status index,BRIIAT countries and other developed countries participate in international vertical specialization degree is more and more,and China and other countries in the world are mostly developing countries,non European countries in the euro zone is small,in the process of economic globalization is dominated,attached to the developed countries in international vertical specialization.China in The Belt and Road Initiative foreign direct investment competition,and there is no relative advantage;specifically,Chinese primary products and resource industries,capital intensive service industry foreign direct investment can choose non euro countries in Europe;labor intensive service industry,knowledge intensive service industry,capital intensive manufacturing can selection of non Euro European countries and other countries in the world;labor-intensive manufacturing industry can be considered in the The Belt and Road Initiative.