The Determinants of Chinese Outward FDI in Countries Along 'One Belt One Road'

摘要

This article identifies the main determinants of Chinese outward FDI (OFDI) activities with a focus on One Belt One Road (OBOR) countries during the period 2003-2015. We established a panel dataset including 93 countries (49 OBOR countries within and 44 countries outside the OBOR). The results show that Chinese OFDI in OBOR countries are highly sensitive to exchange rate (ER) level, market potential, openness, and infrastructure facilities of host countries. The determinants of Chinese OFDI in OBOR countries differ from those outside.