Abstract:
With the guidance of the Chinese "One Belt One Road" policy and the development of China-ASEAN Free Trade Area, trade and investment between China and ASEAN have become more frequent. Based on the panel data from 2005 to 2018, this paper starts from two steps to empirically analyze the determinants of Chinese outward Foreign Direct Investment to ASEAN and its impacts on the export of China to ASEAN. As a result, China's motives for FDI to ASEAN are more inclined to seek market size, and China tends to invest in ASEAN countries with political stability and a high degree of FDI openness. In addition, this study provides support for the viewpoint of the complementary effect of foreign direct investment on exports.
