A Study Of Influencing Factors On The Location Choice Of OFDI In China Under The Background Of "the Belt And Road"

In recent years,China has actively advocated the "The Belt and Road",which is both a rare opportunity and a great challenge for enterprises wishing to invest abroad.In the process of foreign investment,how to choose a high-quality location is of great significance for enterprises to avoid investment risks,save investment costs and obtain investment benefits.On the other hand,we should realize that the vast market and high quality resources as well as the vast workforce in Africa are very attractive.At the same time,it is also an important way for many small and medium-sized enterprises to achieve upgrading and even transformation.Therefore,it is of great significance to study the influencing factors of China’s direct investment in Africa and to expand our investment in Africa in the future.At the same time,it can provide some reference.This paper chooses Africa as the case study object.First,it comprehensively understands and analyses China’s investment situation in Africa.Then,it gives an overall understanding of the investment situation in one stage.At the same time,it analyses the problems existing in this stage by using the investment representation.It also analyses the current investment process according to the investment scale,investment industry,investment location and so on.The shortcomings have important guiding significance for the next investment work.Next,this paper will analyze the influencing factors of China’s outward FDI from the perspective of empirical test.Based on Dunning’s theory of international production compromise,this paper mainly chooses economic,political,legal,infrastructure and environmental four aspects as the indicators of empirical analysis.The investment situation of 29 countries in Africa and 6 countries with the largest investment in China from 2006 to 2017 are analyzed.Relevant data were analyzed to verify the conclusions of qualitative analysis.At the end of the study,the above quantitative and qualitative analysis will be synthesized,and the influencing factors of investment will be further clarified: even though the overall economic level of the African region is not high,China still tends to invest in countries with large market scale and high degree of opening-up.At the same time,China attaches great importance to the level of rule of law and political stability of African countries,and China also attaches great importance to Africa.Continental countries also show a certain preference for resources when investing.At the same time,this paper puts forward targeted and feasible development suggestions for the next stage of investment: in the process of foreign direct investment,Chinese enterprises should improve the organizational structure of the company,establish appropriate early warning mechanism and establish necessary cooperation mechanism to adapt to the development of foreign investment.At the same time,they should actively rely on the strength of the government to provide effective foreign investment enterprises.Legal support to escort enterprises’ foreign direct investment.At the same time,our government can also provide economic and medical assistance to some areas to create a good investment relationship and investment environment for enterprises.This article hopes that through these suggestions,we can better promote China’s "The Belt and Road" and provide reference for China’s direct investment in Africa.