Selection of Mergers and Acquisitions by Foreign Capital in Open Economies

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.

Rules for Access of Foreign Capitals to Agricultural Field in Countries along the "Belt and Road"

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.

Is China Seeing An Exodus of Foreign Capital？

China is the manufacturing hub of the world, and its huge market 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？

Impetus for Export-Oriented Economy——Review of foreign capital utilization in Hunan during the Eighth Five-Year Plan period

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

ANHUI PROVINCIAL PEOPLE'S GOVERNMENT DECIDES TO SPEED UP THE USE OF FOREIGN CAPITAL

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

Liaoning Central Part Cities Complex Attracts Foreign Capital with Its Preferential Policy

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

Speeding Up Tianjin's Municipal Highway Construction By Making Full Use of Foreign Capital

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-

Jiangsu Province Absorbs Foreign Capital

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.

An Empirical Analysis on the Factors Influencing Actual Utilization of Foreign Capital in China

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.

Handling the Relationship Between Expanding the Open Policy,Using Foreign Capital,and Protecting Domestic Industry and Markets

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

Foreign Capital in China's Power Industry

There were 75 medium-to-large projects attracting foreign capital in the power industry sector from 1979 to 1995, expanding the power capacity of China by about 49 million kilowatts and utilizing US$17.3 billion of contractual foreign capital, accounting for 10 percent of total investment in power development in the same period. For-

Mixed oligopoly,state-owned banks’shareholding reform and foreign capital penetration

This paper examines the impact of the policy on eliminating the ratio of foreign shareholding in banks in a mixed oligopoly model.Its analytic results show that state-owned banks should encourage privatisation along with an increasing proportion of the domestic share in multinational banks.Furthermore,we argue that the increase in domestic stockholding of multinational banks raises domestic private firms’profits but decreases their social welfare in the deposit market.The results of numerical simulation show that when the quantity of private banks is fixed,foreign banks tend to enlarge their stake and strengthen their controlling power.

Productivity Growth in the Chinese Economy by Industry and the Role of Foreign Capital

The purpose of this paper is to estimate total factor productivity （TFP） growth in China by industry. As well as reviewing some previous studies on TFP growth in China, the authors present their estimation of TFP growth in China for two periods, 1987-1992 and 1992-1997. During both periods, output growth was as high as double digits. However, the differences in TFP growth between these two periods were remarkable. In the first period, wide-ranging TFP growth was observed, whereas in the latter period, high TFP growth was concentrated in industries such as ＂transportation equipment＂ and ＂electric machinery＂, which are known for actively introducing foreign capital and technologies. In fact, positive relations were confirmed among TFP growth, export performance, and the introduction of foreign capital. Foreign capital made a large contribution to China＇s exportled growth.

The development of Fujian’s outward-oriented economy and its regional differentiation

Outward oriented economy in Fujian Province has been developed rapidly since the implementation of open door policy. Regional differentiation is obvious between ethnic Chinese hometown and non ethnic Chinese one; southeast Fujian and other part of the province; and different counties within southeast Fujian. Enterprises with foreign capital make great contribution to the economic development of Fujian.