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Does One Belt One Road initiative promote Chinese overseas direct investment?

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  • Du, Julan
  • Zhang, Yifei

Abstract

In response to the One Belt One Road (OBOR) initiative, China's overseas direct investment (ODI), especially whole or majority-ownership mergers and acquisitions, rose significantly in the belt-road countries, especially the ones along the continental route. Comparatively speaking, China's state-controlled acquirers played a leading role in infrastructure sectors, whereas the non-state-controlled acquirers were particularly active in non-infrastructure sectors. Central and West Asia, Western Europe and Russia are favorable destinations of Chinese ODI.

Suggested Citation

  • Du, Julan & Zhang, Yifei, 2018. "Does One Belt One Road initiative promote Chinese overseas direct investment?," China Economic Review, Elsevier, vol. 47(C), pages 189-205.
    • Handle: RePEc:eee:chieco:v:47:y:2018:i:c:p:189-205
    DOI: 10.1016/j.chieco.2017.05.010
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    References listed on IDEAS

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    More about this item

    Keywords

    One Belt One Road; Cross-border acquisitions; Greenfield investment;
    All these keywords.

    JEL classification:

    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements
    • F55 - International Economics - - International Relations, National Security, and International Political Economy - - - International Institutional Arrangements

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