With observations and reflections on a series of phenomena,such as the ＂independent situation＂of China＇s FDI during the recent global financial risis and the increase of round tripped investment after the ＂tax rat...With observations and reflections on a series of phenomena,such as the ＂independent situation＂of China＇s FDI during the recent global financial risis and the increase of round tripped investment after the ＂tax rate unification,＂this paper examines a unique phenomenon in China＇s FDI-round tripped investment.It reveals its determinants from a micro-perspectiv ,and establishes a vector error correction mode（VECM）for emprirical testing.The results is that the determinants of China＇s round tripped investment are institutional factors such as ＂achievable differential treatment＂ and cpaital control.Tax ,exchange rate,housing price and capital control intensity all have an impact on the scale of round tripped FDI.However,judging from the extent of influence,the most important factor should be exchange rate ,followed by capital control intensity and housing price,and tax has a limited impact.展开更多
This paper explores the political challenges posed by the recent influx of Chinese outward foreign direct investment （OFDI） into the European Union （EU）. Chinese OFDI has increased substantially in recent years. C...This paper explores the political challenges posed by the recent influx of Chinese outward foreign direct investment （OFDI） into the European Union （EU）. Chinese OFDI has increased substantially in recent years. Chinese direct investment is still minute in the EU, but it is growing fast, and the strong upward trajectory is likely to continue in the years to come. This surge represents challenges and opportunities for EU countries. In the current context of economic and debt crisis in Europe, whether China is seen as a saviour or a predator, the question of a Faustian bargain made by European countries by courting and hosting Chinese investment needs to be asked. The benefits of foreign direct investment （FDI） for the host economy are well known, but Chinese OFDI may come with implicit strings attached and could potentially act as a Trojan Horse, affecting European norms and policies. The influx of Chinese OFDI can create an unhealthy transatlantic competition with security ramifications, which should therefore be addressed. It is interesting to find the right balance between ensuring the benefits from Chinese FDI （from job creation to productivity gains） and protecting from its harmful effects.展开更多
文摘With observations and reflections on a series of phenomena,such as the ＂independent situation＂of China＇s FDI during the recent global financial risis and the increase of round tripped investment after the ＂tax rate unification,＂this paper examines a unique phenomenon in China＇s FDI-round tripped investment.It reveals its determinants from a micro-perspectiv ,and establishes a vector error correction mode（VECM）for emprirical testing.The results is that the determinants of China＇s round tripped investment are institutional factors such as ＂achievable differential treatment＂ and cpaital control.Tax ,exchange rate,housing price and capital control intensity all have an impact on the scale of round tripped FDI.However,judging from the extent of influence,the most important factor should be exchange rate ,followed by capital control intensity and housing price,and tax has a limited impact.
文摘This paper explores the political challenges posed by the recent influx of Chinese outward foreign direct investment （OFDI） into the European Union （EU）. Chinese OFDI has increased substantially in recent years. Chinese direct investment is still minute in the EU, but it is growing fast, and the strong upward trajectory is likely to continue in the years to come. This surge represents challenges and opportunities for EU countries. In the current context of economic and debt crisis in Europe, whether China is seen as a saviour or a predator, the question of a Faustian bargain made by European countries by courting and hosting Chinese investment needs to be asked. The benefits of foreign direct investment （FDI） for the host economy are well known, but Chinese OFDI may come with implicit strings attached and could potentially act as a Trojan Horse, affecting European norms and policies. The influx of Chinese OFDI can create an unhealthy transatlantic competition with security ramifications, which should therefore be addressed. It is interesting to find the right balance between ensuring the benefits from Chinese FDI （from job creation to productivity gains） and protecting from its harmful effects.
