The relationship between ICT trade and China's OFDI development

Information and communication technology (ICT) is one of the important technologies that can promote global economic development. It has the characteristics of openness, globalization, and high efficiency, which makes it possible to greatly reduce the information acquisition cost and transaction cost of various enterprises in different countries in the world, and help each enterprise improve investment efficiency and expand investment. The impact of ICT on the global economy and trade now far exceeds people's expectations. Based on the trade gravity model, this paper uses the data of 2086 OFDI projects published by the Ministry of Commerce of China from 2012 to 2017 to sort out 165 samples to perform regression analysis on the per capita GDP, ICT trade and other data of 82 countries or regions. On this basis, consider whether there is a relationship between development of ICT and China’s OFDI. The 4 hypotheses are put forward: 1. the increase in the per capita GDP of the investing country will promote the development of bilateral investment; 2. the increase in the distance between the two countries will reduce the traditional Investment links; 3. the increase in ICT goods imports and exports has a positive impact on OFDI; 4. the increase in Internet penetration in each country has a positive effect on the amount of China’s OFDI.