Research On The Trade Effect Of China's Direct Investment In One Belt And One Road Countries

To promote exchanges and interconnection between countries,promote the effective integration of national development strategies and strategies,and achieve common prosperity,General Secretary Xi Jinping put forward the "the Belt and Road" policy in line with the general trend of economic globalization.Today,the world's two superpowers,China and the United States,continue to heat up trade disputes,and we urgently need to enhance our internal strength.China's growing direct investment in "One Belt And One Road" countries is creating opportunities for China's trade promotion.According to the existing theoretical research and empirical research conclusion,the trade effect of foreign direct investment is mainly reflected in the quantitative change of the domestic trade volume.Understanding the direct relationship between China's foreign direct investment and China's import and export trade will help us to formulate a policy of opening up to the outside world in the future.In this context,it is of positive significance to study the trade effect caused by China's direct investment in the "the Belt and Road" countries,and to establish a comprehensive and open new pattern for China's direct investment activities and trade activities.This paper first summarizes the research background of the topic,selects the meaning of the topic and summarizes the research results of China and foreign countries.Then it introduces the theory of foreign direct investment trade effect and the transmission effect of direct investment.By collecting the 2012-2017 China Foreign Direct Investment Statistics Bulletin,we compiled China's foreign direct investment trade data for the "the Belt and Road",analyzed the overall scale of China's foreign direct investment and trade,and discussed the trade effect based on investment and trade data.The trade effect of investment in China and some of these countries.Based on the application of gravity model,FGLS and PCSE estimation method,the conclusions in data analysis are empirically tested:based on the assumption that China's direct investment in the "the Belt and Road" countries has a complementary relationship with the import and export volume,China's direct investment in thec "the Belt and Road" countries Produced a trade facilitation effect;based on the assumption that the factors related to the internal transmission mechanism of foreign direct investment affect the trade effect,the investment policy of the foreign direct host country,the nationaltrade policy of the host country,the cultural background of the host country,the population size of the host country,The market size of the host country,the resource possession of the host country and the foreign direct investment trade effect are positively correlated,and negatively correlated with the host country's labor eost,the host country's infrastructure and the foreign direct investment trade effect.To optimize China,s environmental infrastructure in the "the Belt and Road",improve China's efficiency in building "nationally-invested enterprises",and implement China's national strategic investment in "taking the road".Policy recommendations and measures to help investment companies do a good job in market adjustment and multi-pronged measures to prevent political risks in investment countries,effectively strengthen the economic risks of controlling investment countries,strengthen investment and trade cooperation with economic transition entities,and promote regional cooperation with different types of economies.Suggestions.