On the global COVID-19 pandemic and China’s FDI

Fang, J., Collins, A. ORCID: 0000-0001-9805-9091 and Yao, S., 2021. On the global COVID-19 pandemic and China’s FDI. Journal of Asian Economics, 74: 101300. ISSN 1049-0078

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The global COVID-19 pandemic has generated serious challenges for the world economy, including cross-border foreign direct investment (FDI). China’s inward FDI (IFDI) and outward FDI (OFDI) are also facing unprecedented risks and challenges. This paper first clarifies the timelines of the pandemic evolving in China, the US, and the rest of the world. It then reflects on China’s past development process of IFDI and OFDI, noting the growth of IFDI and highlighting the risks and challenges for OFDI during and after the pandemic. Empirical evidence for the impact of COVID-19 on FDI is set out. Policy recommendations are then made regarding China’s latest development strategy using the so-called dual circulation to sustain its economic growth with respect to cross-border FDI.

Item Type: Journal article
Publication Title: Journal of Asian Economics
Creators: Fang, J., Collins, A. and Yao, S.
Publisher: Elsevier BV
Date: June 2021
Volume: 74
ISSN: 1049-0078
Divisions: Schools > Nottingham Business School
Record created by: Jeremy Silvester
Date Added: 11 Feb 2022 11:15
Last Modified: 18 Mar 2023 03:00
URI: https://irep.ntu.ac.uk/id/eprint/45622

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