Has COVID-19 had any impact on outward foreign direct investment from China to the ASEAN and CAREC regions?
Asia-Pacific Sustainable Development Journal
School of Business and Law
The paper examines the impact of the COVID-19 pandemic on outward foreign direct investment (OFDI) from China, specifically focusing on State-owned enterprises. It also analyses the potential effects of the Belt and Road Initiative (BRI) on the ASEAN and CAREC regions following the pandemic. It is evident that OFDI of BRI significantly has harmed State- owned enterprises of China in the ASEAN and CAREC regions. Despite this, the paper recommends that the BRI projects should still continue in the post-pandemic period to benefit the countries in these regions.