Quantile regressions on WTA measures show that fact-checking and positive narratives reduce the penalty only among respondents already at the favorable end.
Heavy baseline bias → no treatment response
Low baseline bias → clear treatment effect to information and narratives
Quantile regressions on WTA measures show that fact-checking and positive narratives reduce the penalty only among respondents already at the favorable end.
Heavy baseline bias → no treatment response
Low baseline bias → clear treatment effect to information and narratives
To consider a Chinese investor equivalent to an EU/US investor, respondents require more job preservation:
• EU/US investor baseline: 250 jobs saved
• Chinese investor: ~350 jobs saved
This implies a ~50% China-origin penalty built into public preferences.
To consider a Chinese investor equivalent to an EU/US investor, respondents require more job preservation:
• EU/US investor baseline: 250 jobs saved
• Chinese investor: ~350 jobs saved
This implies a ~50% China-origin penalty built into public preferences.
Providing accurate information significantly improves perceived economic benefits of FDI (across the board regardless of the country of origin) — by roughly 0.2–0.3 standard deviations
Providing accurate information significantly improves perceived economic benefits of FDI (across the board regardless of the country of origin) — by roughly 0.2–0.3 standard deviations
Chinese respondents express overwhelmingly positive evaluations of German FDI, rating it highly on:
✔️ job creation
✔️ technological upgrading
✔️ national economic development
Roughly 80% provide strongly favorable assessments.
The asymmetry in mutual perceptions is striking.
Chinese respondents express overwhelmingly positive evaluations of German FDI, rating it highly on:
✔️ job creation
✔️ technological upgrading
✔️ national economic development
Roughly 80% provide strongly favorable assessments.
The asymmetry in mutual perceptions is striking.
Holding all attributes constant, changing the investor from EU → China reduces selection likelihood by:
➡️ −40 percentage points
Compared with the US:
➡️ −20 points
A substantial origin penalty, independent of project characteristics.
Holding all attributes constant, changing the investor from EU → China reduces selection likelihood by:
➡️ −40 percentage points
Compared with the US:
➡️ −20 points
A substantial origin penalty, independent of project characteristics.
🟧 US FDI
🟥 Chinese FDI
Across every domain we measure —
💼 economic prospects
🏭 employment
🧪 innovation
🏛 political autonomy
a remarkably stable preference hierarchy emerges:
EU > US > China
This structure is consistent and highly robust.
🟧 US FDI
🟥 Chinese FDI
Across every domain we measure —
💼 economic prospects
🏭 employment
🧪 innovation
🏛 political autonomy
a remarkably stable preference hierarchy emerges:
EU > US > China
This structure is consistent and highly robust.
On average, Germans believe that Chinese firms account for 33% of inward FDI.
The actual figure?
👉 ~1% — a roughly 30-fold overestimation. 😬
By contrast:
• EU FDI is systematically underestimated
• US FDI is perceived relatively accurately
On average, Germans believe that Chinese firms account for 33% of inward FDI.
The actual figure?
👉 ~1% — a roughly 30-fold overestimation. 😬
By contrast:
• EU FDI is systematically underestimated
• US FDI is perceived relatively accurately
Germany and China are economically intertwined through bilateral FDI flows, not just trade.
As Figure 1 shows 👇
🇩🇪 German FDI in China has expanded sharply since 2004—reaching nearly 3% of Germany’s GDP-equivalent.
🇨🇳 Chinese FDI in Germany, by contrast, remains very small.
Germany and China are economically intertwined through bilateral FDI flows, not just trade.
As Figure 1 shows 👇
🇩🇪 German FDI in China has expanded sharply since 2004—reaching nearly 3% of Germany’s GDP-equivalent.
🇨🇳 Chinese FDI in Germany, by contrast, remains very small.