A Study On Business Environment Risk And Policy Measures Of "One Belt And Road" North Line Countries

The decision of the Central Committee of the Communist Party of China on some major issues concerning comprehensively deepening the reform adopted at the Third Plenary Session of the 18th Central Committee of the Communist Party of China made it clear that it is necessary to promote the construction of the "the Silk Road Economic Belt and the 21st-Century Maritime Silk Road" and create a new situation for China's opening up,so "the Belt and Road" policy has become an important national initiative of our country."the Silk Road Economic Belt" includes the north line,the middle line and the south line.The Eurasian continental bridge is mainly the north line,from the Mongolian economic corridor extended to Europe.Also it is the main channel for China's direct access to Europe.Traditionally,Chinese investors were all over Europe's three major economies:Germany,Britain and France,where had been "hot spot" for China's investors.Under the "One Belt one Road" policy,with increasing Chinese enterprises invest,Central and Eastern Europe countries are pregnant with many opportunities,so that these countries become important choice and new hot spot for China's foreign investment and economic cooperation.In addition,because China,Mongolia and Russia have the advantages of resource endowment,China-Mogolia-Russia economic corridor emphasis on national security and energy development.So strengthening cooperation between the three countries is of great strategic significance.The implementation of the new round of revitalization strategy in northeast China is one of the important regional development plans of our country.Due to the geographical advantages,the northeastern enterprises aiming "the Belt and Road" north countries to engage foreign investment and transnational management is one of the important direction of actively pursing "the Belt and Road" strategy for Chinese enterprises to achieve"going out".Regardless of whether the enterprise as the main part of investment or the government to actively promote the cooperation between countries,how to avoid the investment risk and operating losses at most and achieve "win-win" profit,has always been the important issue for our country to promote "the Belt and Road"initiative.Therefore,it is of great practical significance to comprehensively analyze the type and extent of north countries' business environment risk and put forward the policy response plan,for promoting the implementation of the "the Belt and Road"and the new round of the northeast revitalization strategy.To this end,this dissertation selected twelve countries:Mongolia,Russia,Estonia,Latvia,Lithuania,Belarus,Poland,Germany,Denmark,Norway,Sweden and Finland as the sample of "the Belt and Road" north countries to analyze the business environment risk and its influencing factors for in-depth study.The above countries include developed and developing countries which across the Eurasian continent,so the political,economical and legal situation of each country are highly different,so as to business environment and its risks.Because of that,studying these countries'business environment risks and influencing factors is of great significance for northeastern enterprises to "going out" and promote the new round Northeast Revitalization.Based on the "Doing Business" report issued by the World Bank Group from the year 2010 to 2017,this dissertation compares the overall business environment and the index scores of the twelve countries in the north line by horizontal and vertical comparison,deepening the study of the differences business environment of the above countries.In this dissertation,the author has a thought that the business environment index of the report published by the World Bank Group is mainly based on the reality of the micro-entity which reflects the reality of the business environment.It is difficult to reflect what factors are influencing and restricting the business environment of these countries.To this end,based on the relevant research results,this dissertation constructs the index system of the influencing factors of business environment risk and carries on the empirical analysis.Through a series of tests,the government efficiency,government debt ratio and economic freedom are the influencing factors of business environment risk.The study concludes that,from the aspect of index of business environment and its influencing factors,Chinese enterprises may face the traditional and non-traditional political risk,the government administrative low efficiency,the lack of sound and perfect overseas investment insurance system,the uneven level of economic development and so on when they are "going out".In view of the obstacles that may be encountered above,the Chinese government should establish a sound national risk assessment system and overseas investment insurance system as soon as possible,so as to successfully promote Chinese enterprises to "go out" and safeguard the interests of Chinese enterprises in the host country,and provide policy support measures for the smooth implementation of the "one Belt and Road" initiative.