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In the context of global integration, whether a diplomatic partnership strategy can promote outward foreign direct investment (OFDI) and how it works are very important issues for China. Based on a dataset featuring China's partnerships collected from the Ministry of Foreign Affairs website, we establish an empirical framework to assess the role of China's diplomatic strategy in its OFDI arising from partnerships since 1993. The results show that the establishment or upgrade of partnerships has had a positive effect on Chinese firms' decisions on OFDI for at least the short term, especially for firms with higher demand for policy guarantees from the government, such as noncentral firms and non-Beijing firms. The results also show that the increase in OFDI is concentrated in host countries with higher political risks, such as developing countries, neighboring countries, and Belt and Road countries, which is consistent with China's diplomatic focus. Our research proves that China's diplomatic strategy can assist firms to invest abroad.

This paper quantitatively measures the quality of economic development in 30 provinces in China from 2007 to 2017 by constructing a quality of economic development comprehensive evaluation index system. Based on this, a systematic GMM empirical analysis model is used to examine the effect of fiscal expenditure structure on the quality of economic development. The research results show that, at the macro level, all types of fiscal expenditures have a positive effect on the quality of economic development, and they are ranked from large to small in terms of environmental protection expenditures, social security and employment expenditures, science, education, cultural and health expenditures, economic construction expenditures, general public service expenditure. At the meso level, science, education, cultural and health expenditures, social security and employment expenditures, and economic construction expenditures in the eastern, central, and western regions all have a positive impact on the quality of economic development. There is obvious regional heterogeneity in the impact of general public service expenditure and environmental protection expenditure on the quality of economic development. Suggestions are put forward to optimize the structure of China's fiscal expenditure to enable high-quality economic development.

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