Overseas Investment and the Improvement of Enterprises’Export Quality

（University of International Business and Economics，Beijing100029，China）

Abstract：Export trade plays a vital role in stimulating the development of China's economy. As the strategy of making China strong in trade is continuously promoted，how to improve the quality of export products has become an urgent issue. As an important leader of China's“going out”strategy in the new era，overseas investment has fully penetrated into all aspects of export trade. In view of this，in order to fully tap the path of improving the quality of export，the authors use the demand reverse method to measure the quality of export products of Chinese manufacturing enterprises，and use the data from 2000 to 2012 (excluding 2010)，with the help of difference- in- differences propensity score matching approach (PSM- DiD)，to undergo a profound discussion on how overseas investment affects the quality of corporate exports. The study finds that overseas investment can effectively stimulate the improvement of the quality of domestic export products，and mainly through the reverse technology spillover effect and the quality improvement effect of intermediate imports. However，due to differences in overseas investment types and differences in export products，the impact of investment on export quality is also different：first，there will be differences due to different types of overseas investment；and second，it will vary depending on the type of export product. Therefore，in order to better play the role of overseas investment in promoting the quality of export products，we should encourage export enterprises to properly expand overseas investment business，and to establish direct business relationship between overseas investment and exports.

Key words：overseas investment；export quality；type of investment；type of product