Study On The Influence Of Foreign Project Contracting To The International Investment And Export Trading

Foreign project contracting(hereinafter referred as "FCP")was started from 1970s,and had been developed with the guidance of opening up strategy of China.The implementation of "Going Out" strategy,rejoining WTO,as well as the " Belt and Road Initiative" have further provided the marketing space and developing opportunities for FCP.Through more than 40 years development of FCP,China has become a major player in the international building market,which mode marks a important form of the companies of China to participate in the international collaboration.In short,FCP is a comprehensive business integration of investment,financing,design and consultancy,export trading,construction,and operation etc.,the promoting abilities of FCP to international investment and export trading has been being paid more and more attention by industries,researchers and government authorities.First,an empirical research program was formed on the basis of the theoretical and literature review,historical and status analysis of FCP,international investment and export trading.Second,the study collected the data of FCP,international investment,importing and exporting from China to the 73 host countries;and the data of GDP,natural resources,infrastructural qualities,industrializing levels,rule of laws,economical and financial risks of these countries to form the panel data models,carried out an empirical analysis from views of overall,different economic development levels and different regions by the applicable econometric methods of ordinary least square(OLS),panel corrected standard errors and feasible generalized least squares oriented by FCP and the thread running through it’s influence to international investment and export trading.The results are:first,FCP has a significant promoting effect on international investment and export trading in overall;second,doing FCP business in both countries with different economic development levels and different regions can promote international investment and export trading significantly;third,the influential utility levels of FCP on the international investment and export trading varies across conditions,where the utility level in the developing countries is higher than that in the developed countries,and the levels in Asian and African countries are higher than that in European countries.At the end,the suggestions of how to promote the development of FCP,and how to enhance its promoting power to international investment and export trading are given,while reminding the expectations of further improvement of the study in this field.