Driving mechanism of china's tourism foreign direct investment in the united states

Abstract

Based on the 2000-2018 data of China's direct investment in U.S. tourism industry, this paper used the random effect models to quantitatively measure the driving mechanism of Chinese direct investment in U.S. tourism industry. The results showed that: China's direct investment in U.S. tourism is mainly influenced by the four driving forces of economic development, tourism development, cultural affinity, investment environment and system. "Cultural affinity"is the characteristic of the U. S. which is different from the FDI of Chinese tourism in the global perspective.