Does One Belt One Road Strategy Promote Chinese Overseas Direct Investment?

In response to the One Belt One Road (OBOR) initiative, China's overseas direct investment (ODI), especially mergers and acquisitions, rose significantly in the belt-road countries, especially the land-based ones. Comparatively speaking, 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 in the belt-road countries. The host countries have adopted a positive and friendly attitude toward Chinese acquisitions. The whole or majority ownership acquisitions rose significantly, and an increasing number of state-controlled targets were acquired by Chinese enterprises