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| On the Jiangsus Outward Direct Foreign Investment to ASEAN in the Background of the “Belt and Road Initiative” |
| Zhang Jifeng, Xuan Changyong |
| School of Business, Huaihai Institute of Technology, Lianyungang 222005, China |
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Abstract The Association of Southeast Asian Nations (ASEAN) is an important link in Chinas “Belt and Road Initiative” as well as the main destination of Jiangsus outward foreign direct investment (OFDI). One of the important measures for Jiangsu to play its exemplary role of accumulation, diffusion, and first-mover in the junction of the “Belt and Road” is to raise its scale and level of OFDI to ASEAN. Currently, Jiangsus OFDI to ASEAN is small in scale and low in level even though its economic level is higher than ASEAN. Its economy is complementary to that of ASEAN in structure and element. So it must pay special attention to industrial layout and development in ASEAN in order to take the lead in the “Belt and Road Initiative”. It should seek the path of innovation to promote industrial transition and innovative development via OFDI.
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2017, Vol. 38 
