Research On The Industrial Structure Of China's Direct Investment In Kazakhstan

Since the beginning of the 21st century,China's economy has rapidly developed and regional economic integration has also developed rapidly.Many economists and scholars from different countries have begun to study the Chinese economy in depth,especially China's influence on the Central Asian region.Kazakhstan is the largest landlocked country in the world and has abundant natural resources.As the country with the strongest economic strength and the most important geographical position in Central Asia,Kazakhstan's economic cooperation with China is deepening,and the enthusiasm of Chinese enterprises for direct investment in Kazakhstan is increasing.According to the latest statistics from the Ministry of Commerce of the People's Republic of China,as of March 2018,the trade volume between China and Kazakhstan has increased by nearly 40 times compared with the initial period of diplomatic relations.China's direct investment in Kazakhstan has reached 42.8 billion US dollars.Moreover,in the first three months of 2018,China's direct investment in Kazakhstan has reached US$74 million,an increase of 174.1%over the previous year.Kazakhstan has become one of China's largest trading partners in Central Asia and one of the most important investment targets in the " One Belt One Road”initiative.The main research content of this paper is based on the trend of regional economic integration.With the gradual deepening of trade cooperation between Kazakhstan and Kazakhstan and the recent changes in the industrial structure of direct investment,the data of " Chinese direct investment in Kazakhstan-related industries" was collected.And the data,analyze the status quo and influencing factors of China's changes to the industrial structure of Kazakhstan's direct investment,and combine the comprehensive national conditions of the two countries to analyze the main factors affecting China's direct investment in Kazakhstan's industrial structure.Finally,the empirical analysis of the above research and analysis,combined with the results of empirical calculations,analyzes how each factor affects the changes in the industrial structure of China's direct investment in Kazakhstan,and then gives corresponding countermeasures for the conclusions.This article is divided into five parts:Chapter One:Preface.This part introduces the research background,research significance,paper structure,research methods,and innovations and deficiencies of the topic.At the same time,it sorts out the literature review at home and abroad,from the research on the status quo of Sino-Kazakhstan trade and direct investment,the status quo of China's development of direct investment-related industries in Kazakhstan,and the advantages of China's direct investment-related industries in Kazakhstan.Organize the research experience and achievements of the predecessors.The second chapter elaborates the theoretical basis of this paper.The viewpoints of geo-economics,comparative advantage theory and international production eclecticism are introduced in detail.It is believed that the location,resource distribution and industrial investment cost will affect the industrial structure of China's direct investment in Kazakhstan to a certain extent.It laid a scientific theoretical foundation for the research of this paper.The third chapter sorts out current industrial structure of China's direct investment in Kazakhstan.Using a large number of data,this paper analyzes in detail the industrial structure of China's direct investment in Kazakhstan,and sorts out the industrial distribution of Chinese enterprises' direct investment in Kazakhstan,thus finds that industrial structure singleness is a very serious problem.Finally,three factors that can influence the industrial structure of China's direct investment in Kazakhstan are summarized.The fourth chapter uses the specific case analysis and empirical analysis to study the factors affecting China's direct investment industrial structure in Kazakhstan.The author selects the flow and proportion of China's direct investment in the mining industry in Kazakhstan as the dependent variable for two regressions,selects the annual mineral and metal exports of Kazakhstan,crude oil extraction,total agricultural land,total railway mileage and per capita GDP growth as independent variables to perform regression analysis on the data.The main idea of empirical analysis is to combine the results of specific case analysis with relevant industry investment data,select variables related to research,and establish a multivariate regression model.In the model,China's total direct investment in Kazakhstan is dependent variable,and the annual crude oil extraction in Kazakhstan,the total amount of agricultural land,the number of high-quality labor,the total number of kilometers in the railway,etc.The factor is used as an independent variable to perform stepwise regression analysis on the data.The fifth chapter,combined with the results of qualitative and quantitative analysis,proposes corresponding proposals and programs for Chinese enterprises to choose direct investment industry in Kazakhstan.