Does One Belt One Road initiative promote Chinese overseas direct investment?

Julan Du, Yifei Zhang

Research output: Journal article publicationJournal articleAcademic researchpeer-review

381 Citations (Scopus)


In response to the One Belt One Road (OBOR) initiative, China's overseas direct investment (ODI), especially whole or majority-ownership mergers and acquisitions, rose significantly in the belt-road countries, especially the ones along the continental route. Comparatively speaking, China's state-controlled acquirers played a leading role in infrastructure sectors, whereas the non-state-controlled acquirers were particularly active in non-infrastructure sectors. Central and West Asia, Western Europe and Russia are favorable destinations of Chinese ODI.

Original languageEnglish
Pages (from-to)189-205
Number of pages17
JournalChina Economic Review
Publication statusPublished - Feb 2018
Externally publishedYes


  • Cross-border acquisitions
  • Greenfield investment
  • One Belt One Road

ASJC Scopus subject areas

  • Finance
  • Economics and Econometrics


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