After joining the WTO,Chinese government has gradually fulfilled various promises,such as cancellation of restrictions on foreign capital share ratio,and opening up of foreign investment areas. There are new changes i...After joining the WTO,Chinese government has gradually fulfilled various promises,such as cancellation of restrictions on foreign capital share ratio,and opening up of foreign investment areas. There are new changes in foreign merchants' direct investment in China,and it shifts from " green investment" featured by high risk and long period of return on investment to cross-border M&A. Since Coca-Cola failed to complete M&A of Huiyuan Juice in 2009,people have paid close attention to foreign capital M&A of domestic agribusiness. New changes and features appear in both scale and industrial areas,and M&A incidents have mushroomed in the industries of meat processing,wine,dairy and beverage,and the related industries have become the hot areas of cross-border M&A. Through the study of M&A incidents in China's agriculture-related areas in recent years,this paper aims to offer an overview of current foreign capital M&A of China's agribusiness in terms of scale and industry.展开更多
By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. M...By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. Meanwhile, the trade policy of the host government is taken into account. It is concluded that the more open the economy and the more intense the competition, the less profitable the integration; the most important determinant to the changes of the domestic social welfare is the industry strength of the host country. The host authority can enhance the domestic social welfare in two ways: to adjust the trade policy and to only approve the socially desirable cross-border mergers and acquisitions.展开更多
The main purpose of this research was to analyze the impact<span style="font-family:;" "=""> </span><span style="font-family:Verdana;">the Chinese foreign direct in...The main purpose of this research was to analyze the impact<span style="font-family:;" "=""> </span><span style="font-family:Verdana;">the Chinese foreign direct investment (FDI), remittances, and foreign aid have had to human capital growth (HCG) and brain drain. The study data </span><span style="font-family:Verdana;">were</span><span style="font-family:Verdana;"> collected from five African countries (Nigeria, Kenya, Ghana, South Africa, and Morocco) from 2009 to 2018. Secondary sources were used in data collection, then autoregressive distributed lag (ARDL) modeling was used in the analysis. Before modelling was done, co-integration tests and panel unit were applied. The results revealed that Chinese FDI, remittances, and foreign aid had a significant and positive impact on HCG in the long</span><span style="font-family:;" "=""> </span><span style="font-family:Verdana;">but not the short-run. Besides, remittances, Chinese FDI, and foreign aid demonstrated significant negative impacts on brain drain in the long term, not in the short term. This study makes important practical and theoretical contributions about the roles of Chinese FDI, remittances, and foreign aid in the reduction of brain drain and the growth of human capital.</span>展开更多
Since its implementation of the openingpolicy,China has witnessed greatsuccess in foreign fund utilization.Hunan,situated in the hinterland,beganto introduce foreign capital a little later thanthe coastal areas.In 197...Since its implementation of the openingpolicy,China has witnessed greatsuccess in foreign fund utilization.Hunan,situated in the hinterland,beganto introduce foreign capital a little later thanthe coastal areas.In 1979,Hunan began toconduct processing and assembling businessand compensation trade,but gained only afew million US dollars.A vast change wastook place in the Eighth Five-Year Planperiod,achieving a great quantitative andqualitative rise in foreign capital utilizationas compared with the sixth and seventh Five-Year Plan periods.In the past five years,Hunan has approved 4,001 foreign-fundedprojects,a 5,5-fold increase over the total forthe previous 12 years(1979-1990),including3,584 projects directly financed by展开更多
In the economic field, along the Yalu River, there are one economic and technological development zone, two new and high-tech development zones, one industrial processing zone and one border trade zone, all approved b...In the economic field, along the Yalu River, there are one economic and technological development zone, two new and high-tech development zones, one industrial processing zone and one border trade zone, all approved by the state, and seven other development zones that展开更多
On February 12,the Anhui ProvincialPeople’s Government made a decisionon the speeding up of the use of foreigncapital.The decision involved the followingseven aspects: 1.To seize the opportunity to reviseideology and...On February 12,the Anhui ProvincialPeople’s Government made a decisionon the speeding up of the use of foreigncapital.The decision involved the followingseven aspects: 1.To seize the opportunity to reviseideology and to open up a new situation formaking use of foreign capital.The decisionurges the various localities to seize the righttime to shift their focus to making good useof their own advantages,and improving thelocal investment climate and the quality ofservice in the light of their actual conditionsso as to absorb more foreign funds.Meanwhile,enterprises must be led to face the marketand to join equal competition so as to pushforward the use of foreign funds to a展开更多
To introduce foreign capital for the municipal highway construction is a great measure to meet the development of the socialist market economy and to reform the investment system for the municipal highway construction...To introduce foreign capital for the municipal highway construction is a great measure to meet the development of the socialist market economy and to reform the investment system for the municipal highway construction. The aim of the reform lies in taking the construction and management of the municipal highway facilities as an industry to operate, widening the investment channel of the municipal highway construction and gradually forming a benign cycle of investment-construc-展开更多
With the scale of actual utilization of foreign capital in our country appears to be increasing year by year with the increase of reform and opening up.Based on the data published by the National Bureau of Statistics ...With the scale of actual utilization of foreign capital in our country appears to be increasing year by year with the increase of reform and opening up.Based on the data published by the National Bureau of Statistics from 1999 to 2018 on the actual use of foreign capital,we selected several reasonable indicators as the main influencing factors from an economic perspective,and constructed a econometric model.This paper examines and analyzes the factors affecting the actual use of foreign capital in China,and puts forward corresponding policy suggestions according to the empirical results.展开更多
It has been our consistent policy to expand the opening policy, while using foreign capital reasonably and effectively. Our experience of economic development since China’s economic reform and opening to the outside ...It has been our consistent policy to expand the opening policy, while using foreign capital reasonably and effectively. Our experience of economic development since China’s economic reform and opening to the outside world 20 years ago has shown that implementing the opening policy, participation in the international division of labour and exchange, the use of both domestic and international markets and resources, and the introduction of a foreign展开更多
There are two inaccuracies to the common belief that hot money flows into China through international trade: "hot money" and "trade channels". First, China’s domestic financial market is still at ...There are two inaccuracies to the common belief that hot money flows into China through international trade: "hot money" and "trade channels". First, China’s domestic financial market is still at the initial stage of development, and foreign exchange control has put barriers to entry and exit of overseas capital. Strictly speaking, the short-term highly liquid "hot money" does not exist in China, and is referred to as long-term speculative capital in this paper. Second, such capital does not come from trade alone. International trade is only part of corporate business operations, and a more reasonable and complete description is that "overseas capital flows into China through foreign-funded enterprises". Through analysis of the inflow channels, this paper estimates that the stock of long-term speculative capital between 1999 and 2006 stands at almost US$ 400 billion. The year 2006 saw an increase of US$ 98.09 billion, of which US$ 35.4 billion was formed through international trade, which equals to roughly 20% of trade surplus that year. But this does not mean that 20% of trade surplus is long-term speculative capital.展开更多
Agriculture is related to the strategy and security of a country. Every country is very discreet about access of foreign capitals to the agricultural field. Countries along the " Belt and Road" also have imp...Agriculture is related to the strategy and security of a country. Every country is very discreet about access of foreign capitals to the agricultural field. Countries along the " Belt and Road" also have imposed restrictions on the access of foreign capitals to the agricultural field.There are restrictions on establishing agriculture-related enterprises,affiliated organizations,and branch offices. Also,there are regulations concerning the scope,proportion,performance requirement,and approval of access of foreign capitals to the agricultural field.展开更多
China is the manufacturing hub of the world,and its huge mar-ket demands have contributed to the large inflow of foreign capital.As the Chinese economy has entered the"new normal",the market has seen both an...China is the manufacturing hub of the world,and its huge mar-ket demands have contributed to the large inflow of foreign capital.As the Chinese economy has entered the"new normal",the market has seen both an inflow and exodus of foreign capital.Is the exodus of foreign capital from China really under way?Foreign capital needs to fit the"new normal"Data from the Ministry of Com-merce shows that during January-Octo-展开更多
Under the guidance of the policy for making use of foreign capital actively, reasonably and effectively, Jiangsu province has absorbed foreign capital at a continual and steady rate, involving newly approved foreign i...Under the guidance of the policy for making use of foreign capital actively, reasonably and effectively, Jiangsu province has absorbed foreign capital at a continual and steady rate, involving newly approved foreign investment for 1,462 enterprises, agreed foreign capital of US$3.173 billion, and foreign ventures with actual investment of US$1.987 billion. It increases 30% compared with that of the same period last year.展开更多
文摘After joining the WTO,Chinese government has gradually fulfilled various promises,such as cancellation of restrictions on foreign capital share ratio,and opening up of foreign investment areas. There are new changes in foreign merchants' direct investment in China,and it shifts from " green investment" featured by high risk and long period of return on investment to cross-border M&A. Since Coca-Cola failed to complete M&A of Huiyuan Juice in 2009,people have paid close attention to foreign capital M&A of domestic agribusiness. New changes and features appear in both scale and industrial areas,and M&A incidents have mushroomed in the industries of meat processing,wine,dairy and beverage,and the related industries have become the hot areas of cross-border M&A. Through the study of M&A incidents in China's agriculture-related areas in recent years,this paper aims to offer an overview of current foreign capital M&A of China's agribusiness in terms of scale and industry.
基金The National Natural Science Foundationof China (No.70372057)
文摘By a linear Cournot model, the factors associated with the integration of two firms are discussed in terms of their effects on the private surplus and the social welfare in economies with varying extent of openness. Meanwhile, the trade policy of the host government is taken into account. It is concluded that the more open the economy and the more intense the competition, the less profitable the integration; the most important determinant to the changes of the domestic social welfare is the industry strength of the host country. The host authority can enhance the domestic social welfare in two ways: to adjust the trade policy and to only approve the socially desirable cross-border mergers and acquisitions.
文摘The main purpose of this research was to analyze the impact<span style="font-family:;" "=""> </span><span style="font-family:Verdana;">the Chinese foreign direct investment (FDI), remittances, and foreign aid have had to human capital growth (HCG) and brain drain. The study data </span><span style="font-family:Verdana;">were</span><span style="font-family:Verdana;"> collected from five African countries (Nigeria, Kenya, Ghana, South Africa, and Morocco) from 2009 to 2018. Secondary sources were used in data collection, then autoregressive distributed lag (ARDL) modeling was used in the analysis. Before modelling was done, co-integration tests and panel unit were applied. The results revealed that Chinese FDI, remittances, and foreign aid had a significant and positive impact on HCG in the long</span><span style="font-family:;" "=""> </span><span style="font-family:Verdana;">but not the short-run. Besides, remittances, Chinese FDI, and foreign aid demonstrated significant negative impacts on brain drain in the long term, not in the short term. This study makes important practical and theoretical contributions about the roles of Chinese FDI, remittances, and foreign aid in the reduction of brain drain and the growth of human capital.</span>
文摘Since its implementation of the openingpolicy,China has witnessed greatsuccess in foreign fund utilization.Hunan,situated in the hinterland,beganto introduce foreign capital a little later thanthe coastal areas.In 1979,Hunan began toconduct processing and assembling businessand compensation trade,but gained only afew million US dollars.A vast change wastook place in the Eighth Five-Year Planperiod,achieving a great quantitative andqualitative rise in foreign capital utilizationas compared with the sixth and seventh Five-Year Plan periods.In the past five years,Hunan has approved 4,001 foreign-fundedprojects,a 5,5-fold increase over the total forthe previous 12 years(1979-1990),including3,584 projects directly financed by
文摘In the economic field, along the Yalu River, there are one economic and technological development zone, two new and high-tech development zones, one industrial processing zone and one border trade zone, all approved by the state, and seven other development zones that
文摘On February 12,the Anhui ProvincialPeople’s Government made a decisionon the speeding up of the use of foreigncapital.The decision involved the followingseven aspects: 1.To seize the opportunity to reviseideology and to open up a new situation formaking use of foreign capital.The decisionurges the various localities to seize the righttime to shift their focus to making good useof their own advantages,and improving thelocal investment climate and the quality ofservice in the light of their actual conditionsso as to absorb more foreign funds.Meanwhile,enterprises must be led to face the marketand to join equal competition so as to pushforward the use of foreign funds to a
文摘To introduce foreign capital for the municipal highway construction is a great measure to meet the development of the socialist market economy and to reform the investment system for the municipal highway construction. The aim of the reform lies in taking the construction and management of the municipal highway facilities as an industry to operate, widening the investment channel of the municipal highway construction and gradually forming a benign cycle of investment-construc-
基金National college students'innovation and entrepreneurship training project"cross-border payment mode reform based on block chain technology"(201910378121)Anhui provincial teaching and research project"discipline competition under the background of big data on the cultivation of innovation ability of new economic and management talents"(project no.:2018jyxm1305)。
文摘With the scale of actual utilization of foreign capital in our country appears to be increasing year by year with the increase of reform and opening up.Based on the data published by the National Bureau of Statistics from 1999 to 2018 on the actual use of foreign capital,we selected several reasonable indicators as the main influencing factors from an economic perspective,and constructed a econometric model.This paper examines and analyzes the factors affecting the actual use of foreign capital in China,and puts forward corresponding policy suggestions according to the empirical results.
文摘It has been our consistent policy to expand the opening policy, while using foreign capital reasonably and effectively. Our experience of economic development since China’s economic reform and opening to the outside world 20 years ago has shown that implementing the opening policy, participation in the international division of labour and exchange, the use of both domestic and international markets and resources, and the introduction of a foreign
文摘There are two inaccuracies to the common belief that hot money flows into China through international trade: "hot money" and "trade channels". First, China’s domestic financial market is still at the initial stage of development, and foreign exchange control has put barriers to entry and exit of overseas capital. Strictly speaking, the short-term highly liquid "hot money" does not exist in China, and is referred to as long-term speculative capital in this paper. Second, such capital does not come from trade alone. International trade is only part of corporate business operations, and a more reasonable and complete description is that "overseas capital flows into China through foreign-funded enterprises". Through analysis of the inflow channels, this paper estimates that the stock of long-term speculative capital between 1999 and 2006 stands at almost US$ 400 billion. The year 2006 saw an increase of US$ 98.09 billion, of which US$ 35.4 billion was formed through international trade, which equals to roughly 20% of trade surplus that year. But this does not mean that 20% of trade surplus is long-term speculative capital.
基金Supported by Young Scholar Project of Humanities and Social Science Foundation of Ministry of Education(17YJC820044)Social Science Planning PhD Project of Chongqing(2017BS39)
文摘Agriculture is related to the strategy and security of a country. Every country is very discreet about access of foreign capitals to the agricultural field. Countries along the " Belt and Road" also have imposed restrictions on the access of foreign capitals to the agricultural field.There are restrictions on establishing agriculture-related enterprises,affiliated organizations,and branch offices. Also,there are regulations concerning the scope,proportion,performance requirement,and approval of access of foreign capitals to the agricultural field.
文摘China is the manufacturing hub of the world,and its huge mar-ket demands have contributed to the large inflow of foreign capital.As the Chinese economy has entered the"new normal",the market has seen both an inflow and exodus of foreign capital.Is the exodus of foreign capital from China really under way?Foreign capital needs to fit the"new normal"Data from the Ministry of Com-merce shows that during January-Octo-
文摘Under the guidance of the policy for making use of foreign capital actively, reasonably and effectively, Jiangsu province has absorbed foreign capital at a continual and steady rate, involving newly approved foreign investment for 1,462 enterprises, agreed foreign capital of US$3.173 billion, and foreign ventures with actual investment of US$1.987 billion. It increases 30% compared with that of the same period last year.