EVOLUTION OF CHINA’S OUTWARD FOREIGN DIRECT INVESTMENT REGIME: IMPLICATIONS FOR SOUTHEAST ASIA UNDER THE BELT AND ROAD INITIATIVE

Theresa Yan () and Peter Enderwick
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Theresa Yan: Faculty of Business, Economics and Law, Auckland University of Technology, Private Bag 92006, Auckland, New Zealand
Peter Enderwick: Faculty of Business, Economics and Law, Auckland University of Technology, Private Bag 92006, Auckland, New Zealand

The Singapore Economic Review (SER), 2021, vol. 66, issue 01, 143-159

Abstract: Assessment of the likely impact of Chinese OFDI on the ASEAN members of the Belt and Road Initiative (BRI) requires understanding of the evolution of Chinese policy, regulations and institutions. Utilizing recent developments in institutional theory, this paper examines the interplay between China’s OFDI regulations and enterprise supportive policies. Liberalization of FDI regulations complements policies of technological catch-up and the development of regionally focused multilateral institutions. Evidence of an increasing level of Chinese OFDI since 2003, and of a larger share attracted to the BRI group, particularly the ASEAN countries, is consistent with the theorizing.

Keywords: BRI; OFDI; China; institutions; ASEAN (search for similar items in EconPapers)
Date: 2021
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DOI: 10.1142/S0217590819500309

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