Research On The Factors Influencing China’s High-quality OFDI To Southeast Asian Countries

At present,China’s economy has shifted from a stage of rapid growth to a stage of high-quality development.In the face of new situations and new requirements,China’s foreign direct investment will also undergo a corresponding transformation,from the past pursuit of large-scale growth of foreign direct investment to high-quality development of foreign direct investment,which is crucial to the realization of high-quality co construction of the “the Belt and Road” and the transformation of China into a strong country of foreign investment.As the main destination of China’s outward foreign direct investment,it is of both theoretical and practical significance to study the influencing factors of China’s high-quality OFDI to Southeast Asian countries in the context.This thesis mainly discusses from theoretical analysis,current situation analysis,empirical analysis,and countermeasures.This thesis first defines the relevant concepts presented in the thesis from the perspective of theoretical analysis,and sorts out the theories related to foreign direct investment.Based on these theories,factors that affect high-quality foreign direct investment are selected from two perspectives: the investment country’s own promotion and the host country’s pull.Secondly,the current situation of China’s direct investment in Southeast Asian countries from 2010 to 2020 was analyzed from three aspects: overall situation,country,industry.Based on the definition of high-quality foreign direct investment,indicators for evaluating high-quality foreign direct investment were selected from four aspects: scale of foreign direct investment,structure of foreign direct investment,depth of foreign direct investment,and efficiency of foreign direct investment.The entropy of action method is used to measure China’s high-quality OFDI levels to 11 Southeast Asian countries from 2010 to 2020.At the same time,based on the calculation results,analyze China’s high-quality OFDI level towards Southeast Asian countries from a time and country perspectives.Once again,using China’s measurement of high-quality OFDI in Southeast Asian countries as the dependent variable,factors such as human capital level,economic development level,technological innovation,market size,bilateral geographical distance,macroeconomic stability,economic freedom,infrastructure,and foreign investment openness were selected as the explanatory variables.A panel bidirectional fixed effects model was used for regression of influencing factors.Finally,the thesis summarizes the analysis in the first five chapters and proposes corresponding countermeasures and suggestions for this.The empirical results show that the market size,natural resource abundance,foreign investment openness,and China’s human capital level,economic development level,and technological innovation of the host country have a significant promoting effect on China’s high-quality OFDI to Southeast Asian countries.Bilateral geographical distance,economic freedom,and infrastructure level are significantly opposite to the direction of changes in China’s high-quality OFDI.The macroeconomic stability of the host country does not have a significant impact on China’s high-quality OFDI.In this regard,this thesis proposes to continue to maintain the steady growth of outward foreign direct investment scale and optimize the structure of outward foreign direct investment,pay attention to the investigation of the investment environment innovation of our own science and technology,establish differentiated cooperation paths,and focus on cultivating high-quality talents.