The Trade Effect Of Chinese Direct Investment In The Country Of "The Belt And Road"

In October 2013,during the visiting to the ASEAN countries,General Secretary Xi Jinping proposed a strategic concept for building a "21st Century Maritime Silk Road" in Indonesia.The "Silk Road Economic Belt" strategy and "21st Century Maritime Silk Road" strategy together constitute the " the Belt and Road" strategy.In March 2015,the National Development and Reform Commission,the Ministry of Foreign Affairs,and the Ministry of Commerce jointly issued the “Vision and Action for Promoting the Joint Construction of the Silk Road Economic Belt and the 21 st Century Maritime Silk Road,” which marked the official entry into the historic “the Belt and Road” strategy implementation phase.The formulation and implementation of the " the Belt and Road " strategy are in line with the world situation and China's development trend.China under the "new normal" is entering a new era of "going out" on a large scale.Under the new circumstances,China's development needs a broader market and new growth drivers.It also needs to take the initiative to create economic development opportunities for itself and other emerging economies.Therefore,the “the Belt and Road” strategy is proposed at the right moment.The " the Belt and Road " strategy take the "five links" as the main content,that is,policy communication,facilities connectivity,trade flow,financial financing,and people-to-people links.Among them,trade flow as a major area of cooperation is one of the main criteria for measuring the effectiveness of cooperation.To promote the development of trade between China and the countries along the route,we must not only focus on the advancement of trade liberalization and facilitation,but also carry out all-round international investment in order to drive further growth in trade.Therefore,investment-driven trade development has become a new direction of the "One Belt and One Road" strategy.Therefore,this article analyzes the trade effects of foreign direct investment in “the Belt and Road” countries,explores an investment-driven trade,provides a reference for China's strategy of how to better implement the “going out” strategy,and also realizes “the Belt and Road” for China.The formulation of relevant policies in the conception process provides constructive opinions and has important theoretical and practical significance.In the course of research,this article systematically studied the direct investment and trade of countries and regions along the “Belt and Road” in China through document reading and data compilation.The specific research contents are mainly divided into the following six chapters:Chapter one is Introduction.Firstly,the research background and research significance of China's direct investment trade effects along the countries along the “Belt and Road” are elaborated.Secondly,the relevant literature on foreign direct investment trade effects is reviewed at home and abroad,and the research ideas and methods are introduced.Chapter two,Review of Related Theory.Introduced the classic theories of Mundell's theory of complete substitution,marginal industrial transfer,product life cycle theory,international production eclectic theory,vertical integration and horizontal integration of foreign investment theory,etc.involving foreign investment and trade relations.Analysis and empirical research provide the theoretical basis.Chapter three,Conduction Mechanism and Influencing Factors.Researched how the FDI of the market-seeking,efficiency-seeking,resource-seeking,and innovative-asset-seeking types of FDI has affected trade,and at the same time summarized and summarized various factors affecting FDI.Bring changes in the number of trades,so as to grasp the internal mechanism of foreign direct investment impact on trade.Chapter four,analysis of the status quo.This chapter mainly introduces China's current status of direct investment and trade in countries along the “One Belt and One Road”.From the aspect of total scale and proportion,regional distribution,industry distribution,and other aspects,it summarizes and concludes the investment and trade exchanges between China and the countries along the route,finds that China's international investment and trade along the “the Belt and Road” are synchronized.Chapter five,empirical analysis.This chapter mainly analyzes the trade effects of China's direct investment in countries along the “One Belt and One Road” using empirical measures.Based on the trade gravitation model,the overall trade effects of China's direct investment in countries along the route were examined in terms of total import and export volume,import volume,and export volume.The results indicate that China's direct investment in countries along the route has a significant creative effect.At the same time,this chapter also introduces the quantitative analysis of the cross-cuts between different influencing factors and China's foreign direct investment,studies the factors that affect foreign direct investment and the direct effect of the foreign direct investment on trade.It is found that under the influence of different factors,foreign direct investment is the performance of the impact is also different.Chapter six,conclusions and recommendations.This chapter summarizes the full text,and on this basis,proposes the following countermeasures and recommendations for the healthy development of China's investment and trade under the “the Belt and Road” strategy: 1.Promote bilateral strategic cooperation in-depth and deepen policy communication;2.Implement differences according to local conditions Investment strategy;3.Strengthening guidance for FDI at the macro level;4.Strengthening infrastructure construction and improving the investment and trading environment;5.Improving the international competitiveness of China's multinational corporations and creating independent knowledge brands;6.Improving the risk of foreign direct investment Prevention mechanism.