HAS COVID-19 HAD ANY IMPACT ON OUTWARD FOREIGN DIRECT INVESTMENT FROM CHINA TO THE ASEAN AND CAREC REGIONS?

Nam Foo (), Hooi Hooi Lean and Ruhul Salim

Asia-Pacific Sustainable Development Journal, 2023, vol. 30, issue 2, 177-198

Abstract: The paper examines the impact of the COVID-19 pandemic on outward foreign direct investment (OFDI) from China, specifically focusing on State-owned enterprises. It also analyses the potential effects of the Belt and Road Initiative (BRI) on the ASEAN and CAREC regions following the pandemic. It is evident that OFDI of BRI significantly has harmed Stateowned enterprises of China in the ASEAN and CAREC regions. Despite this, the paper recommends that the BRI projects should still continue in the post-pandemic period to benefit the countries in these regions.

Keywords: ASEAN; China; Belt and Road Initiative; outward foreign direct investment; COVID-19 pandemic (search for similar items in EconPapers)
JEL-codes: C13 C23 F39 I19 O53 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:unt:japsdj:v:30:y:2023:i:2:p:177-198

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