Welcome to Francis Academic Press

Academic Journal of Business & Management, 2023, 5(20); doi: 10.25236/AJBM.2023.052011.

The Impact of Regional Economic Integration on the Cross-Border Investment of Chinese Enterprises

Author(s)

Jiaqi Xiong1,2, Xiaoping Wang1

Corresponding Author:
Xiaoping Wang
Affiliation(s)

1Faculty of Professional Finance & Accountancy, Shanghai Business School, Shanghai, China

2Shanghai University of International Business and Economics, Shanghai, China

Abstract

This paper analyzes the impact of regional economic integration on the cross-border investment of Chinese enterprises. On the basis of the overview of regional economic integration, the current situation of China’s regional economic integration and cross-border investment of Chinese enterprises are analyzed. It reveals that regional economic integration has a positive impact on the cross-border investment of Chinese enterprises, especially in promoting the transformation and upgrading of enterprises and improving the international business environment. At the same time, it puts forward the predicament and challenges in international trade competition, including rising trade protectionism and exchange rate risks brought by regional economic integration to the cross-border investment of Chinese enterprises. Based on the aforementioned analysis, this paper proposes the following suggestions. First, government agencies should actively participate in regional economic cooperation organizations to expand their scope of cooperation. Second, Chinese multinational enterprises should comprehensively understand and effectively utilize the preferential policies and rules of the free trade areas to enhance their international competitiveness and formulate sound exchange rate hedging strategies. By proposing measures at both the government and enterprise levels, this paper aims to enable Chinese enterprises to better engage in cross-border investment activities.

Keywords

Regional Economic Integration, Cross-border Investment, Trade competition

Cite This Paper

Jiaqi Xiong, Xiaoping Wang. The Impact of Regional Economic Integration on the Cross-Border Investment of Chinese Enterprises. Academic Journal of Business & Management (2023) Vol. 5, Issue 20: 78-85. https://doi.org/10.25236/AJBM.2023.052011.

References

[1] Xiong Wei. Regional economic integration, corporate governance and corporate innovation [J]. Finance and Accounting Newsletter,2023,(03): 59-63.

[2] Mu RW, Zhao X. Does regional integration promote economic growth? --A quasi-natural experiment based on the Yangtze River Delta Urban Economic Coordination Council[J]. Shanghai Management Science, 2023, 45(01): 12-17. 

[3] Liu Huizi. Research on the impact of regional economic integration on international trade [J]. Old brand marketing,2022(21): 63-65.

[4] Gong Yanhua. Measurement and evaluation of the effect of economic integration of the Eurasian Economic Union [J]. Russian East European Central Asian Studies. 2022, No.248(05): 116-143+169- 170.

[5] Gong Yuan. Analysis of the regional economic construction between China and ASEAN - taking the Southeast Asian section of the Trans-Asian Railway as an example [J]. Business Economics, 2022,no. 552(08): 103-105.  

[6] Naoto Jinji. What does Regional Economic Integration Deliver?[J]. The International Economy, 2021,24(0). PP 1-22.

[7] John Bosco Nnyanzi, Peter Babyenda, John Mayanja Bbale. Regional Economic Integration and Tax Revenue[J]. Journal of Economic Integration, 2016,31(4).

[8] Cao Yunpeng. Study on the economic effect of RCEP on China[D]. Shandong University of Finance and Economics, 2022.

[9] Xu Zhao, Gao Yu, Huo Zhifang. Regional economic integration, agglomeration of productive service industry and transformation and upgrading of manufacturing industry[J]. China Science and Technology Forum, 2022, No.309(01): 122-130.

[10] Xue Pengcheng. Research on the impact of RCEP trade facilitation on China's outward foreign direct investment[D]. Heilongjiang University, 2022.

[11] Zhao Jing, Song Zhiyong, Yuan Bo et al. Financial cooperation and openness of regional economic integration[J]. China Foreign Investment, 2022, No.502(07): 26-29. 

[12] Liu Ke. The impact of regional economic integration on the development of international trade under the new situation[J]. Marketing World, 2021(24): 88-89.

[13] Li Fan, Lai Weiqing, Li Nan. Study on the leverage of RCEP on China's regional economic and trade cooperation and development[J]. Journal of Nanchang Aviation University (Social Science Edition), 2022,24(01): 37-44+117. 

[14] CCPIT Research Institute. China's outward foreign direct investment outlook and suggestions[J]. China Foreign Investment, 2023, No.526(07): 24-26.

[15] Chen Zhaoyuan, Yang Ting, Cheng Runtao. Outlook of China's outward foreign direct investment trends in 2023[J]. International Economic Cooperation, 2023, No.422(02): 48-59+92.