China's OFDI and Green Transformation of Bilateral Trade Structure: Evidence from Countries along the “Belt and Road”
TIAN Siyuan1, WANG Xiaosong2
1. Institute of International Economy, University of International Business and Economics, Beijing 100029, China; 2. School of Economics, Renmin University of China, Beijing 100872, China
Abstract Based on China's data of 62 countries along the “Belt and Road” from 2003 to 2021, the paper examines the impact of China's OFDI on the green transformation of bilateral trade structure. The study finds that China's OFDI can significantly promote the green transformation of bilateral export structure but has an insignificant impact on the import structure. China's foreign direct investment mainly promotes the green transformation of export structure through the mechanism of promoting infrastructure construction, industrial structure upgrading and green technology application in host countries. Heterogeneous analysis shows that in countries with high environmental protection and trade facilitation, the promoting role of China's foreign direct investment is more obvious. Further analysis indicates that the “Belt and Road Initiative” has further strengthened the role of China's OFDI in promoting the green transformation of the bilateral trade structure. The research provides certain ideas on how to promote the green development in countries along the “Belt and Road Initiative”.
TIAN Siyuan,WANG Xiaosong. China's OFDI and Green Transformation of Bilateral Trade Structure: Evidence from Countries along the “Belt and Road”. Economic Survey, 2024, 41(4): 069.
2024, Vol. 41 
