Abstract Based on CEPII-BACI database and Statistical Bulletin of China's Foreign Direct Investment from 2008 to 2020, this paper uses a fixed-effect model to explore the influence and mechanism of China's direct investment in “ Belt and Road Initiative ” countries on the quality of manufacturing exports of “ Belt and Road Initiative ”countries.There are following findings: (1) China's foreign direct investment will significantly promote the quality upgrading of manufacturing exports of “ Belt and Road Initiative ” countries.After the robustness test such as endogenous problem handling, this conclusion is still valid, and the promoting effect is more significant in low-and medium-tech products, labor-intensive products and homogenized products; (2) China's foreign direct investment promotes the upgrading of the quality of its export products by upgrading the industrial structure and innovation level of “ Belt and Road Initiative” countries.At the same time, the financial development, institutional quality and certainty of “ Belt and Road Initiative ” countries will strengthen this promoting role; (3) Further study shows that China's direct investment in “ Belt and Road Initiative ” countries can significantly improve the quality of China's imports from “ Belt and Road Initiative ” countries than the quality of products imported by other countries from “ Belt and Road Initiative ” countries.And the reason for this phenomenon is that China's direct investment in “ Belt and Road Initiative ” countries increases the trade complementarity between China and it.
WANG Yan,FAN Aijun. China's Direct Investment in “ Belt and Road Initiative ” Countries and the Quality of Products Exported by the Host Country. Economic Survey, 2023, 40(3): 066.
2023, Vol. 40 
