Examining the Influence of the Belt and Road Initiative on Jiangsu’s Outward Foreign Direct Investment: Trends, Drivers and Challenges

Yu Wu *

School of Business, Jiangsu Ocean University, Lianyungang, China.

*Author to whom correspondence should be addressed.


Abstract

The proposal of “One Belt, One Road” has led to friendly political and economic cooperation between China and the countries along the route, and the “One Belt, One Road” strategy has had a great impact on the outward foreign direct investment of China and the countries along the route. In the process of promoting the strategy, China has realized friendly economic exchanges and exchanges of talents and technologies with various countries and regions. This paper analyzes the OFDI data of Jiangsu Province in the past ten years to study the impact of the “Belt and Road” initiative on OFDI in Jiangsu Province. At the same time, through the analysis of the causes of OFDI and the current situation of OFDI in Jiangsu Province, this paper finds that the “Belt and Road” Initiative has promoted OFDI in Jiangsu Province, and puts forward corresponding countermeasures and suggestions for the further development of OFDI in Jiangsu Province. It also proposes corresponding countermeasures for the further development of OFDI in Jiangsu Province. The province will make reasonable use of government policies, talent introduction and financial mechanisms to optimize its industrial layout and enhance its economic strength.

Keywords: Belt, road initiative, outward foreign direct investment, jiangsu province, industrial upgrading, corresponding countermeasures, economic strength


How to Cite

Wu , Yu. 2024. “Examining the Influence of the Belt and Road Initiative on Jiangsu’s Outward Foreign Direct Investment: Trends, Drivers and Challenges”. Asian Journal of Economics, Business and Accounting 24 (6):204-14. https://doi.org/10.9734/ajeba/2024/v24i61354.

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