中国国际直接投资地位上升中的失衡特征及其纠正

The Imbalance of China's Rising International Direct Investment Status and its Correction

金融危机后,中国迅速崛起为全球资本供应的新兴力量,对外投资的大国地位日益显现。但与此同时,中国国际直接投资的主体构成、投资去向和投资成败也遭到较多质疑。本文提出一国的国际直接投资地位是一国资本输出能力和全球资本配置能力的集中体现。文章在分析梳理中国净对外直接投资规模、跨国并购交易数量及海外投资全球化广度上升、发展的基础上,着重从对外投资规模、投资结构、投资主体和投资收益四个方面考察当前中国国际直接投资地位上升中的失衡特征,进而提出纠正失衡的四大出路:完善对外投资体制,提升海外生产力;促进投资、贸易与金融协同作战,构造经贸循环与金融循环良性互动机制;规划全球布局,强化对外直接投资集群效应和探索内外资、国民资合作,强化投资主体市场化经营;培育竞争合作、互利共赢的海外投资生态圈。

After the financial crisis,China has rapidly become an emerging power for global capital supply,and its status in foreign investment has become increasingly apparent. But at the same time,the main investor of China's FDI,investment destination and investment outcome are often questioned. Based on the analysis of the scale of China's net foreign direct investment,the number of cross-border M&A and the extent of overseas investment,this paper focuses on the imbalance of the current international direct investment status in China from four aspects. And then we put forward ways out,to improve the foreign investment system,improve the overseas productivity,promote cooperation between investment,trade and finance,plan the global layout,and strengthen market management and so on.