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中国企业对丝绸之路经济带直接投资风险防范研究

Research on Risk Prevention of China Enterprises' Outword Foreign Direct Investment in the Silk Road Economic Belt

ISBN:978-7-5203-5180-5

出版日期:2019-09

页数:263

字数:251.0千字

点击量:9933次

定价:89.00元

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新丝绸之路经济带概念提出之后国际、国内反响强烈。国际方面作为国际化的公共产品,以合作共赢模式促进世界经济全球化抵制贸易保护赢得联合国的鼎力支持,越来越多的国家参与其中。国内方面各经济区域积极响应,中国与丝绸之路经济带沿线国家经济合作日益密切,投资合作发展迅速。中国企业在丝绸之路经济带沿线国家直接投资失败比例较高,面临的风险较大,学界对该领域直接投资风险防范研究起步不久,因此探析中国企业在丝绸之路经济带沿线国家直接投资风险防范意义重大。

本书在系统回顾国际、国内评估机构及学者就直接投资风险防范研究动态的基础上,对中国对外直接投资实际发生的状况进行归纳,总结出四种主要对外直接投资企业类型,采用闵氏关键因素评估法,结合丝绸之路经济带国家特殊政治经济背景对丝绸之路经济带国家直接投资环境风险进行量化评估,对丝绸之路经济带国家做出更贴近企业对外直接投资实用性的风险评判。进一步定性分析中国企业对丝绸之路经济带直接投资面临的十大类外部风险,针对单向风险提出相应的防范策略。通过对中国海外投资典型失败及成功案例的调研,剖析中国企业对外直接投资面临的内部风险,在借鉴经验和教训的基础上,提出对丝绸之路经济带直接投资内控风险防范二十条建议。选取自身风险特色鲜明的典型国家巴基斯坦、菲律宾、土耳其、沙特、俄罗斯,分析中国在这些国家直接投资的现状、面临的风险并提出切实可行的风险防范策略以供企业在丝绸之路经济带直接投资借鉴。

第一章导论,本章从新丝绸之路经济带概念提出之后中国对丝绸之路经济带沿线国家直接投资发展迅速入手,介绍本书研究的背景。回顾中国企业在丝绸之路经济带沿线国家直接投资发展状况及学界研究发展动态阐明本书研究的目的和意义。通过对狭义和广义“丝绸之路”范围界定、对外直接投资概念的界定,明确本书研究对象和范围。根据研究目的,选择研究方法,确定研究思路,构建本书研究内容路线图,并对本书研究的创新之处进行阐述。

第二章国内外研究发展态势,本章系统地回顾了国际直接投资风险理论研究及方法应用的发展历程,指出国际投资风险研究成果主要集中在投资环境评估方法理论构建、投资环境评估公告发布及不同学者对投资风险的具体防范策略研究三个方面。经典的海外直接投资环境风险评估方法包括投资障碍分析法、投资环境加权等级评分法、投资热国冷国评价法、抽样评估法等。流行的投资环境评估公告发布是量化风险分析迅猛发展的结果,风险评级研究成为风险预警的主要手段,国际著名的风险评级机构主要有标准普尔、穆迪和惠誉、经济学人信息实体、环球透视等;国内流行的风险评估体系主流是由中国社会科学院世界经济与政治研究所2016年发布的中国海外投资国家风险评级报告《“一带一路”国家风险评级子报告》,对丝绸之路经济带沿线国家风险进行中肯的评价,其他的包括“一带一路”沿线国家安全风险评估编委会发布的《“一带一路”沿线国家安全风险评估》、2017年出版发行的《“一带一路”沿线国家安全风险地图》等,这些评估结果对国家宏观领域的风险评估全面准确、直观明了。国内外学者在对外直接投资风险防范研究方面,发达国家学者对投资风险研究繁荣于20世纪五六十年代,主要从经济政治文化等领域进行研究;国内学者的对外直接投资风险研究起始于20世纪90年代,在研究方法上从初期的定性分析向量化分析转变,在研究领域方面从总体风险研究拓展到单向风险研究、行业风险研究、国家风险整体评估等不同领域,研究的广度和深度不断增加。随着“一带一路”倡议的推进,对“一带一路”沿线的风险研究不断增加,研究成果主要集中在2014年以后。学者从中巴经济走廊的发展、投资区位的选择、政治经济文化风险领域、能源合作领域等不同角度进行分析,提出相应的风险防范策略,为企业在“一带一路”直接投资的风险防范起到一定的积极作用。

第三章对丝绸之路经济带直接投资环境风险评估,对外直接投资过程中,面对相同的国家风险,由于企业自身千差万别,对风险因素关注差异巨大,对同样国家的风险感触和承载能力不同,本章对“丝绸之路”沿线国家直接投资环境风险评估方面,以闵氏关键因素评估法为基础,采用全新的视角,考虑企业自身风险的关注目标,结合中国2015年对外直接投资流量以及2015年年末存量前100位的对外投资企业进行归纳,指出中国对外直接投资行业及动机主要包括四种类型,相应的环境风险评估也分为四种类型:具有绝对优势资源互惠型企业对外直接投资环境风险评估、具有核心技术优势市场拓展型企业对外直接投资环境风险评估、具有资金技术优势市场拓展型企业对外直接投资环境风险评估、具有相对优势市场拓展型企业对外直接投资环境风险评估。根据不同投资动机行业风险关注特点结合东道国实际环境分别进行关键因素指标选择与权重赋值及结果评估、环境风险评估结果分值解析、环境风险评估指标分值评判定性解析三部分分析,评判出四类对外直接投资企业在丝绸之路经济带沿线国家面临的环境风险状况。

第四章中国企业对丝绸之路经济带直接投资外部风险防控研究,在“一带一路”倡议下,中国资本国际化大潮将不断高涨,丝绸之路经济带建设中中国企业对外直接投资不断发展,面临的外部风险纷繁复杂,本章在研究方法上采用发放问卷、电话咨询、邮件咨询、经理人预约访谈、新闻调查、网络调查等形式进行实际调研,结合定性及定量分析的研究方法,分析中国企业在丝绸之路经济带进行直接投资面临的经济风险、各国势力纷争风险、竞争性风险、区域风险、自然风险、罹患疾病风险、商业欺诈风险、劳务许可签证难风险,剖析这类外部风险存在的现状及原因,并提出切实可行的对丝绸之路经济带直接投资风险防范策略。在丝绸之路经济带直接投资对经济风险防范从政府角度应该加强地缘优势和共赢目的宣传,签订双边投资合作协议过程中注重双边对等的开放市场;从企业角度做好贸易与投资相互替代,履行企业社会责任创造共享价值缓解东道国民众的反感情绪降低经济风险。各国势力纷争的风险防范基于政府层面应该稳妥处理好各种势力之间的关系,增强国家经济科技军事实力是根本策略;基于企业层面应该积极利用各种风险管理业务规避风险,选择得力的合作伙伴或顾问解决经营中遇到的问题。竞争性风险防范应该关注大国博弈产生的各种风险,借鉴国际经验用好“丝路基金”和亚投行,借鉴国际经验做好国际发展援助,加强国际经济协调。区域风险防范,应该时刻关注这些矛盾的变化,避免在矛盾区域投资设厂;无法避开风险区域,要积极预测其可能诱发的风险,权衡利弊,将风险降到最低。自然灾害风险防范,投资建新厂时应根据以往灾害发生的规律,避开自然灾害和地质灾害频发区、避开生态保护区;若是贸易等短期合作,要注重研究当地气象预报,选择技术过硬的司机、配备性能良好的汽车、选择有经验有能力的跟车人员、避开极端天气进行运输;深刻认识干旱区域对投资的影响。对疾病风险防范,政府部门要避免这些疾病随着经济合作交流传入中国,职能部门运用科学的管理方法,有针对性、有目的地采用高科技手段迅速检测防范来自不同国家和区域的疾病,真正做到限制流行疾病蔓延到我国;对外直接投资企业要预先对员工进行培训,使员工明白所处地域的流行疾病及其危害程度,提高员工个人的防备能力。尽可能地统一给员工接种相关疫苗,对于没有疫苗类的疾病防范,要给员工购买保险期限长于国外工作期限的疾病保险。商业欺诈风险防范不轻信来源不确定的消息,严格按国际惯例规范经营,慎重签订商业合同避免利益受损。劳务许可签证难风险防范要妥善解决高级管理人员和技术人员劳务签证问题,中级管理人员以及普通员工尽量实施雇员本土化,妥善处理与工会的关系,学会和执法人员打交道。

第五章中国企业对丝绸之路经济带直接投资内控风险防范研究,本章采用实际调研和网络调研相结合,分析归纳与总结相结合的研究方法,通过对2001—2016年中国对外直接投资成功典型案例和失败典型案例(其中一部为日本海外投资失败的典型案例)进行跟踪调研,分析其成功及失败的原因,剖析风险产生的共性,借鉴历史经验提出对丝绸之路经济带直接投资内控风险防范措施共计二十条:甄别国外豪华包装类“鸡肋”资产避免上当受骗、甄别被收购公司的技术发展前景避免投资失误、设立国家专项研究机构对外国持续深刻研究、海外投资用工遵纪守法谨慎裁员、注重区域差别选择合理的解决方法降低金融风险、注重环保善于运用媒体提高中国企业的环保认可度、内部整合过程以真诚打动对方消除投资障碍、入乡问禁撇清麻烦、注重细节消灭隐患降低直接投资风险、加强对丝绸之路经济带沿线国家直接投资企业的地理区位与时间规划及投资领域的设计、甄别外国专家言论真伪、密切关注西方国家的媒体舆论导向、注重企业发展规模与丝路沿线国家经济规模的适应性、央企在丝绸之路经济带直接投资时应该强调其商业性、在丝绸之路经济带沿线投资能源领域时要认清能源市场波动趋势、运用明确的合同条款和购买国际保险应对丝绸之路经济带沿线国家的摇摆不定、事前预防为主事后措施为辅加强对外直接投资核准管理、借鉴发达国家经验强化相关机构职能、正确认识风险存在的长期性、理性评价企业对外直接投资。

第六章丝绸之路经济带典型国家直接投资风险防范研究,“一带一路”沿线国家虽多,但是,典型国家有其自身鲜明的风险特点,对中国对外直接投资影响深远。单独关注的典型国家选取的依据是在中亚板块(在外部风险研究部分阐述较多)、西亚板块、中蒙俄经济走廊、中巴经济走廊四个板块中均匀分布性以及国家在四大板块中的重要性,主要包括巴基斯坦、菲律宾、土耳其、沙特、俄罗斯五个国家,分析中国在这些国家直接投资的现状、面临的风险并提出切实可行的风险防范策略以供企业在丝绸之路经济带直接投资借鉴。中国企业在巴基斯坦直接投资应该寻求当地政府保护与企业自身防范相结合,依托援助模式向商业模式过渡,参考多边税收条款完善两国税收协定,尊重当地习俗促进文化融合,科学严谨的投资选址缓解自然风险。中国对菲律宾直接投资风险防范应该积极执行宏观战略、主动规避政治风险,建立对菲律宾的安全风险评估及预警机制,慎重选择投资区域、精确定位投资领域。对沙特直接投资要密切关注形势动态及时通告妥善处理,加强经济联系充分了解沙特投资环境。对土耳其直接投资要注重利益牵制避免征用和没收风险,权衡经济形势注重投资细节,关注无政府组织,学会与媒体打交道,注重自身品牌建设提升企业形象。在俄罗斯直接投资应加强对投资企业的指导,充分了解俄罗斯投资环境并加强可行性分析。

第七章“一带一路”发展及展望,“一带一路”倡议提出后措施得力造福沿线民众,至 2017年4月,上海、辽宁、浙江、河南、湖北、重庆、四川、陕西8个新设自贸试验区成立,中欧班列开通,亚洲基础设施投资银行、金砖国家新开发银行、“丝路基金”的设立及成功运作,跨境自由贸易和投资合作区的建设,贸易合作大数据报告发布,双边国家跨境交易平台建立,通信海缆的贯通等为丝绸之路经济带发展打下了坚实的基础。“一带一路”倡议基于全球共同繁荣的理念,是迄今最受欢迎的国际公共产品,也是目前前景最好的国际合作平台,“一带一路”倡议将极大地促进参与国的基础设施开发、投资及贸易流动以及经济良好发展,其带动的投资和经济增长将创造成千上万个工作机会,使更多的人受益。

After the concept of the New Silk Road Economic Belt was proposed, there were strong international and domestic repercussions. As an international public good, the international side promotes the globalization of the world economy with a win-win cooperation model, resists trade protection, and wins the full support of the United Nations, and more and more countries participate in it. Domestically, various economic regions have responded positively, and economic cooperation between China and countries along the Silk Road Economic Belt has become increasingly close, and investment cooperation has developed rapidly. The proportion of direct investment failures of Chinese enterprises in countries along the Silk Road Economic Belt is relatively high and the risks they face are greater, and the research on direct investment risk prevention in this field has not yet started, so it is of great significance to explore the risk prevention of direct investment by Chinese enterprises in countries along the Silk Road Economic Belt. On the basis of systematically reviewing the research trends of international and domestic evaluation institutions and scholars on direct investment risk prevention, this book summarizes the actual occurrence of China's outward direct investment, summarizes four main types of OFDI enterprises, adopts the Min key factor assessment method, combines the special political and economic background of the Silk Road Economic Belt countries to quantitatively assess the risks of the direct investment environment of the Silk Road Economic Belt countries, and makes a risk assessment of the Silk Road Economic Belt countries that are closer to the practicality of enterprises' outward direct investment. Further qualitatively analyze the ten types of external risks faced by Chinese enterprises in direct investment in the Silk Road Economic Belt, and propose corresponding prevention strategies for one-way risks. Through the investigation of typical failures and successful cases of Chinese overseas investment, this paper analyzes the internal risks faced by Chinese enterprises in outward direct investment, and puts forward 20 suggestions on preventing internal control risks of direct investment in the Silk Road Economic Belt on the basis of drawing on experience and lessons. Pakistan, the Philippines, Turkey, Saudi Arabia and Russia are selected to analyze the current situation and risks faced by China's direct investment in these countries, and put forward practical risk prevention strategies for enterprises to learn from direct investment in the Silk Road Economic Belt. Chapter 1 Introduction, this chapter starts with the rapid development of China's direct investment in countries along the Silk Road Economic Belt after the concept of the New Silk Road Economic Belt was proposed, and introduces the background of the research in this book. This paper reviews the development status of direct investment by Chinese enterprises in countries along the Silk Road Economic Belt and the research development trends of academic circles, and clarifies the purpose and significance of this book. Through the definition of the scope of the "Silk Road" in the narrow and broad senses and the definition of the concept of OFDI, the research object and scope of this book are clarified. According to the research purpose, select research methods, determine research ideas, construct a roadmap for the research content of this book, and explain the innovation of this book research. This chapter systematically reviews the development process of international direct investment risk theory research and method application, and points out that the research results of international investment risk mainly focus on three aspects: the theoretical construction of investment environment assessment methods, the release of investment environment assessment announcements, and the specific prevention strategies of investment risks by different scholars. Classic overseas direct investment environment risk assessment methods include investment obstacle analysis method, investment environment weighted rating scoring method, investment hot country cold country evaluation method, sampling evaluation method, etc. The release of popular investment environment assessment announcements is the result of the rapid development of quantitative risk analysis, risk rating research has become the main means of risk early warning, internationally renowned risk rating agencies mainly include Standard & Poor's, Moody's and Fitch, Economist Information Entity, Global Perspective, etc.; The mainstream of the popular risk assessment system in China is the "Sub-report" of China's overseas investment country risk rating report released by the Institute of World Economics and Politics of the Chinese Academy of Social Sciences in 2016, which provides a pertinent evaluation of the risks of countries along the Silk Road Economic Belt, and others include the "National Security Risk Assessment along the Belt and Road" issued by the Editorial Committee of National Security Risk Assessment along the "Belt and Road", and the "Belt and Road" published in 2017 National Security Risk Map along the Belt and Road", these assessment results are comprehensive, accurate, intuitive and clear for the risk assessment of the national macro field. In terms of research on outward direct investment risk prevention by domestic and foreign scholars, scholars from developed countries flourished in the fifties and sixties of the 20th century, mainly from the fields of economy, politics and culture. The research on OFDI risk by domestic scholars began in the 90s of the 20th century, and the research methods changed from initial qualitative analysis to quantitative analysis, and expanded from overall risk research to one-way risk research, industry risk research, overall assessment of country risk and other different fields, and the breadth and depth of research continued to increase. With the advancement of the Belt and Road Initiative, the risk research along the "Belt and Road" has been increasing, and the research results are mainly concentrated after 2014. The scholars analyzed from different perspectives such as the development of the China-Pakistan Economic Corridor, the selection of investment locations, political, economic and cultural risks, and energy cooperation, and put forward corresponding risk prevention strategies, which played a positive role in the risk prevention of enterprises' direct investment in the "Belt and Road". Chapter 3 on the risk assessment of the direct investment environment in the Silk Road Economic Belt, in the process of outward direct investment, in the face of the same country risk, due to the wide variety of enterprises themselves, the huge difference in risk factors, and the different risk perception and carrying capacity of the same countries, this chapter adopts a new perspective on the risk assessment of the direct investment environment of the countries along the "Silk Road", based on the Min key factor assessment method, and considers the focus objectives of the enterprise's own risks. Based on China's outward direct investment flows in 2015 and the top 100 outward investment enterprises in stock at the end of 2015, it is pointed out that China's outward direct investment industries and motivations mainly include four types, and the corresponding environmental risk assessment is also divided into four types: environmental risk assessment of outward direct investment by enterprises with absolute superiority in resources and reciprocity, environmental risk assessment of outward direct investment by enterprises with market expansion enterprises with core technological advantages, Risk assessment of the outward direct investment environment of enterprises with capital and technology advantages, and risk assessment of the outward direct investment environment of enterprises with comparative advantages and market expansion. According to the characteristics of different investment motives, industry risk concerns, and the actual environment of the host country, three parts were analyzed: selection and weight assignment of key factors, weight assignment and result evaluation, analysis of environmental risk assessment results, and evaluation and judgment analysis of environmental risk assessment indicators, and the environmental risk status faced by four types of OFDI enterprises in countries along the Silk Road Economic Belt was judged. Chapter 4 Research on the prevention and control of external risks of direct investment by Chinese enterprises in the Silk Road Economic Belt, under the "Belt and Road" initiative, the tide of internationalization of Chinese capital will continue to rise, the construction of the Silk Road Economic Belt Chinese enterprises' outward direct investment continues to develop, and the external risks faced are complex. It analyzes the economic risks, conflicts between powers, competitive risks, regional risks, natural risks, disease risks, commercial fraud risks, and labor license and visa difficulties faced by Chinese enterprises in direct investment in the Silk Road Economic Belt, analyzes the current situation and causes of such external risks, and puts forward practical and feasible risk prevention strategies for direct investment in the Silk Road Economic Belt. In the Silk Road Economic Belt, direct investment in economic risk prevention should be strengthened from the government's point of view, and the publicity of geographical advantages and win-win goals should be strengthened, and the process of signing bilateral investment cooperation agreements should pay attention to bilateral reciprocal market opening; From the perspective of enterprises, trade and investment should replace each other, fulfill corporate social responsibility, create shared value, alleviate the antipathy of the host people, and reduce economic risks. The risk prevention of conflicts between the forces of various countries is based on the fact that the relationship between various forces should be properly handled at the government level, and enhancing the country's economic, scientific, technological, and military strength is a fundamental strategy; Based on the enterprise level, we should actively use various risk management businesses to avoid risks, and select competent partners or consultants to solve problems encountered in operation. Competitive risk prevention should pay attention to various risks arising from the game of big powers, learn from international experience to make good use of the Silk Road Fund and the AIIB, learn from international experience to do a good job in international development assistance, and strengthen international economic coordination. Regional risk prevention should always pay attention to the changes of these contradictions and avoid investing and setting up factories in the contradiction areas; It is impossible to avoid risk areas, and it is necessary to actively predict the risks that may be induced, weigh the pros and cons, and minimize the risks. Natural disaster risk prevention, when investing in the construction of new factories, it should avoid areas with frequent natural disasters and geological disasters and avoid ecological reserves according to the law of past disasters; For short-term cooperation such as trade, it is necessary to focus on studying local weather forecasts, choosing skilled drivers, equipped with cars with good performance, selecting experienced and capable followers, and avoiding extreme weather for transportation; Gain a deep understanding of the impact of drylands on investment. For disease risk prevention, government departments should avoid these diseases from entering China with economic cooperation and exchanges, and functional departments should use scientific management methods to quickly detect and prevent diseases from different countries and regions by targeted and purposeful high-tech means, so as to truly limit the spread of epidemic diseases to China; OFDI enterprises should train their employees in advance so that they understand the epidemic diseases in their regions and their degree of harm, so as to improve their personal preparedness. As far as possible, employees should be vaccinated with relevant vaccines, and for disease prevention without vaccines, employees should be insured for diseases whose insurance period is longer than the period of working abroad. Commercial fraud risk prevention, do not trust news of uncertain sources, operate in strict accordance with international practices, and carefully sign commercial contracts to avoid damage to interests. Labor permit visa difficulties risk prevention should properly solve the problem of labor visa for senior managers and technicians, middle-level managers and ordinary employees should try to localize employees, properly handle relations with trade unions, and learn to deal with law enforcement personnel. Chapter 5 Research on the Prevention of Internal Control of Direct Investment by Chinese Enterprises in the Silk Road Economic Belt, this chapter adopts a combination of practical research and network research, analysis and summary research methods, through tracking and investigating typical cases of China's outward direct investment success and failure cases (one of which is a typical case of Japan's overseas investment failure), analyzing the reasons for their success and failure, and analyzing the commonality of risks. Drawing on historical experience, a total of 20 internal control risk prevention measures for direct investment in the Silk Road Economic Belt were proposed: identify foreign luxury packaging "chicken rib" assets to avoid being deceived, identify the technological development prospects of the acquired company to avoid investment mistakes, set up a national special research institution to conduct continuous and in-depth research on foreign countries, overseas investment and employment abide by the law and prudently lay off employees, pay attention to regional differences, choose reasonable solutions to reduce financial risks, pay attention to environmental protection, and be good at using media to improve the environmental recognition of Chinese enterprises. The internal integration process sincerely impresses the other party to remove investment obstacles, inquires and forbids to clear up troubles, pays attention to details to eliminate hidden dangers and reduce direct investment risks, strengthens the geographical location and time planning of direct investment enterprises in countries along the Silk Road Economic Belt and the design of investment fields, distinguishes the authenticity of foreign experts' remarks, pays close attention to the media opinion guidance of Western countries, pays attention to the adaptability of the scale of enterprise development with the economic scale of countries along the Silk Road, and central enterprises should emphasize their commerciality when directly investing in the Silk Road Economic Belt. When investing in the energy sector along the Silk Road Economic Belt, it is necessary to clearly recognize the fluctuation trend of the energy market, use clear contract terms and purchase international insurance to cope with the vacillation of countries along the Silk Road Economic Belt, focus on precaution and supplemented by post-event measures, strengthen the approval and management of OFDI, learn from the experience of developed countries to strengthen the functions of relevant institutions, correctly understand the long-term nature of risks, and rationally evaluate enterprises' outward direct investment. Chapter 6: Research on Direct Investment Risk Prevention in Typical Countries of the Silk Road Economic Belt, although there are many countries along the "Belt and Road", typical countries have their own distinct risk characteristics, which have a far-reaching impact on China's outward direct investment. The selection of typical countries for separate attention is based on the uniform distribution in the four plates of Central Asia (which is more elaborated in the external risk research section), the West Asian plate, the China-Mongolia-Russia Economic Corridor and the China-Pakistan Economic Corridor, as well as the importance of countries in the four major plates, mainly including Pakistan, the Philippines, Turkey, Saudi Arabia and Russia, to analyze the current situation and risks faced by China's direct investment in these countries, and put forward practical risk prevention strategies for enterprises to learn from direct investment in the Silk Road Economic Belt. Chinese enterprises investing directly in Pakistan should seek a combination of local government protection and self-prevention, rely on the aid model to transition to business models, improve the tax treaty between the two countries with reference to multilateral tax provisions, respect local customs and promote cultural integration, and scientifically and rigorously select investment sites to mitigate natural risks. China's direct investment risk prevention in the Philippines should actively implement the macro strategy, actively avoid political risks, establish a security risk assessment and early warning mechanism for the Philippines, carefully select investment regions, and accurately locate investment fields. For Saudi direct investment, it is necessary to pay close attention to the situation and trends, timely inform and properly deal with it, strengthen economic ties, and fully understand the Saudi investment environment. Direct investment in Turkey should pay attention to the containment of interests, avoid the risk of expropriation and confiscation, weigh the economic situation, pay attention to investment details, pay attention to anarchic organizations, learn to deal with the media, pay attention to its own brand building and enhance corporate image. Direct investment in Russia should strengthen guidance for investment enterprises, fully understand the Russian investment environment and strengthen feasibility analysis. Chapter 7 "Belt and Road" development and prospects, the "Belt and Road" initiative after the proposal of the measures to benefit the people along the route, to April 2017, Shanghai, Liaoning, Zhejiang, Henan, Hubei, Chongqing, Sichuan and Shaanxi 8 new pilot free trade zones were established, China-Europe Express was opened, the Asian Infrastructure Investment Bank, the BRICS New Development Bank, the "Silk Road Fund" were established and successfully operated, the construction of cross-border free trade and investment cooperation zones, the release of big data reports on trade cooperation, and the establishment of cross-border trading platforms between bilateral countries. The penetration of communication cables has laid a solid foundation for the development of the Silk Road Economic Belt. Based on the concept of global shared prosperity, the Belt and Road Initiative is by far the most popular international public good and the most promising international cooperation platform, the Belt and Road Initiative will greatly promote infrastructure development, investment and trade flows and good economic development in participating countries, and the investment and economic growth it will drive will create thousands of jobs and benefit more people.(AI翻译)

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GB/T 7714-2015 格式引文
贺宁华.中国企业对丝绸之路经济带直接投资风险防范研究[M].北京:中国社会科学出版社,2019
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MLA 格式引文
贺宁华.中国企业对丝绸之路经济带直接投资风险防范研究.北京,中国社会科学出版社:2019E-book.
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APA 格式引文
贺宁华(2019).中国企业对丝绸之路经济带直接投资风险防范研究.北京:中国社会科学出版社
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