Does One Belt One Road initiative promote Chinese overseas direct investment?
Julan Du and
China Economic Review, 2018, vol. 47, issue C, 189-205
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.
Keywords: One Belt One Road; Cross-border acquisitions; Greenfield investment (search for similar items in EconPapers)
JEL-codes: F21 F55 (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:eee:chieco:v:47:y:2018:i:c:p:189-205
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