Research On The Impact Of Two-way Investment Between Shandong Province And The Countries Along The Belt And Road On Foreign Trade

Since the implementation of the reform and opening-up policy,China has been actively implementing an open economy.With the accession to the WTO,China’s economy has achieved rapid development under the coordination and cooperation of the development strategy of "bringing in" and "going out",and China’s economy has been actively and rapidly integrated into the tide of the world economic globalization.Xi general secretary in 2013 to the present trend of The Times and the development of the globalization background,proposed the "area" development strategy,through the efforts to achieve between China and countries along the orderly circulation in various economic elements,advantage resources the effective use of each other at the deep level fusion between the international market,so as to jointly cope with existing in the international trade friction,trade barriers and various of the dangerous and challenges.After the "One Belt And One Road" development initiative was put forward,shandong province,as a major province of China’s trade and economic development,should strive to realize the future high-speed development of shandong open economy,it is very important to firmly grasp the development opportunities brought by the "One Belt And One Road" initiative.Therefore,taking shandong province as an important region,it is particularly important to study the influence of two-way investment between shandong province and major countries along the route on foreign trade.And countries along the reality situation is complicated,resource distribution is not balanced,have fast or slow economic development,political environment turbulence is differ,in such a complex background,the research between shandong province and along the main countries the development circumstance of the two-way investment and investment impact on foreign trade situation,to formulate reasonable development strategy of two-way investment in shandong province,for the efficient and accurate "introducing" "going out" strategy planning,help our province better catch policy opportunities,meet challenges is of important theoretical and realistic significance.This article mainly uses the trade and investment data recorded in the statistical yearbook of Shandong Province from 2007 to 2018,and selects 11 major countries and regions along the“Belt and Road” with close two-way investment and trade with Shandong Province,including South Korea Japan,China Hong Kong of East Asia,Thailand,Singapore,Indonesia,Malaysia of Southeast Asia,and Italy,Russia,New Zealand,Panama and other countries,using a combination of theoretical and empirical analysis methods to analyze the two-way between Shandong Province and major countries and regions along the route the impact of investment on trade and coordinated development.First of all,this paper first sorted out the relevant literature on the relationship between investment and trade and the coordinated development of two-way investment,understood the three situations of the relationship between investment and trade,the main factors influencing investment on trade,and relevant empirical research methods.Secondly,it summarizes the ways and mechanisms of two-way investment to affect trade respectively.Then the scale and distribution of two-way investment and foreign trade between shandong province and countries along the route are analyzed in detail.Finally selects 2007-2018 in shandong province and 11 major countries along the two-way investment and trade data,two-way investment for research on the effect of trade in the whole and regional samples of regression model,and through the basic trade gravity model based on the introduction of two-way investment to research on the interaction two-way investment and the coordinated development of the bilateral trade.The empirical results,said: on the whole in shandong province and along the main countries and regions,two-way investment for import,export,import and export trade has a significant role in promoting bilateral trade and two-way investment and presents the coordinated development,sample regression results show that shandong province areas in east Asia and southeast Asia all bilateral trade and two-way investment and present a coordinated development and has a significant role in promoting,to direct investment in east Asia to the total amount of import and export of shandong province has a significant role in promoting,and the introduction of foreign direct investment to import and export amount is not significant;For the southeast Asian countries,shandong province’s foreigndirect investment and foreign investment have a significant role in promoting the total volume of import and export trade.At the end of the paper,according to the empirical results proposed should pay attention to the implementation of "going out" and the organic combination of "introducing",realize the foreign direct investment scale and diversification development,continually expand the scale of the development of foreign investment,optimize the introduction of foreign investment related system and supporting service system,two-way investment for the enterprises to establish perfect information and risk prevention mechanism,pay attention to the cultivation and development of the multinational enterprises,the province to establish a coordination mechanism between industry in shandong province,the provincial comprehensive development platform,etc.Some policy Suggestions.