吸引外商投资的新增长点:理论与实践依据——最近几年外商投资重要特征分析

What's the New Dynamic Areas of China's FDI Inflow:Theoretical Analyzes and Practical Demand——Study on the Important Figures of FDI of China in Recent Years

最近几年,中国服务业吸收外商投资明显上升,外商经营的独资化倾向加强,自由港成为外资主要来源地,来华外商投资在全球直接投资流量中的比重持续下降。从理论上分析,外商独资化透露出跨国公司对华投资的技术水平正在提高的信息,从而更需要从内部转让先进技术,外资较多流向金融和房地产业以及自由港外资流入的迅速增加,不仅是为了获取"通货溢价"的利益,也有组合投资的风险控制因素,并不完全是"热钱"。尽管中国的储蓄率已经很高,但全球价值链理论解释了为什么无论发达国家还是发展中国家都需要积极吸引外资,才能集合全球优势要素,参与全球价值链活动并提升竞争力。对国家经济安全的正确理解是中国进一步解放思想的重要认识前提。未来,无论在出口导向、还是进口替代制造业领域,仍然需要大力吸收外商投资。此外,还应当继续扩大开放基础设施和更多服务业领域,为此要进一步完善利用外资的体制与政策环境。

In recent years, FDI inflow in China＇s service sector appeared to be increased clearly, the entities of sole foreign-owned enterprise were much more than before, the free ports became major resource place of FDI, the ratio of China＇s FDI inflow was gonging down continuously in the global FDI inflow. In terns of theoretical analyzes, the information of technological intensive from TNC＇s FDI to China was available, it was needed to transfer the technology within internal system through the sole foreign-owned enterprise. The foreign investor was not only to get the profits of the ＂currency premium＂, but also the factor of risk control by combinatorial investment, and not ＂hot money＂ totally ,shen the capital flow to financial and real estate sector was increased and the flow was speedily from the free ports. Although the savings ratio was very high in China, the theory of the global value chain has explained why both develop and development countries have to attracting FDI actively, in order to enhance the competitive capacity when they combined the advantage factors from the worldwide and join the activity of the global value chain. It is important for correctly understandable to the state security of economy to hberahze thinking of Chinese people. In the future, both style of manufactures of export direction and import substitute were still needed to attracting FDI with working hard. Besides, the sectors of infrastructure and more tertiary industries were also required to be open continuously, therefore, the government should further perfect the system and policy environment of utilizing FDI.