Since China’s opening and reform began, China has attracted a large inflow of foreigndirect investment (FDI). This is largely due to the stable development of the economy,preferential policies, rich resources, cheap ...Since China’s opening and reform began, China has attracted a large inflow of foreigndirect investment (FDI). This is largely due to the stable development of the economy,preferential policies, rich resources, cheap labor, and bright market prospects. The amountof FDI actually used by China in 2004 reached US$60.63 billion, maintaining the growthmomentum that started in 2000, ranking China as second in the world. FDI’s positions inindustrial production, in industrial structure upgrade, and in import/export have beenstrengthened. The technical level has continued to rise and the number of R&D centers setup in China has been increasing. The increasing role of FDI in China’s economy hasaroused growing concern from all quarters. 2004 was a year that witnessed the mostextensive discussion among economists and other circles on the advantages anddisadvantages of FDI in China. Is the amount of FDI too much? Have foreign-fundedenterprises introduced advanced technologies? Have they produced an overflowing effect?Is there a monopoly on the domestic market by foreign capital? And does it affect economicstability and national security? (Guo Hong, 2004)展开更多
In order to deploy the crucial levers in the transformation of the Chinese mode of economic development, it is necessary to identify the nature and reasons for the economy＇s existing mode of operation. The paradox of...In order to deploy the crucial levers in the transformation of the Chinese mode of economic development, it is necessary to identify the nature and reasons for the economy＇s existing mode of operation. The paradox of China＇s ＂double surplus＂ in the international balance of payments reflects the substantive issue of the appearance of a capability gap in Chinese economic development, which, interacting with dependence on FDI, hinders industry upgrading. As a result, the extensive mode of development has persisted and even worsened, rendering the Chinese economy more vulnerable to external shocks. At the historic juncture when the international economic environment is undergoing dramatic changes, the Chinese economy is likely to suffer severe setbacks due to its capability gap and dependence on FDI unless there is substantial development in its technological and organizational capacities and institution-building. Therefore, the critical variable in transforming the Chinese mode of economic development is capability growth.展开更多
文摘Since China’s opening and reform began, China has attracted a large inflow of foreigndirect investment (FDI). This is largely due to the stable development of the economy,preferential policies, rich resources, cheap labor, and bright market prospects. The amountof FDI actually used by China in 2004 reached US$60.63 billion, maintaining the growthmomentum that started in 2000, ranking China as second in the world. FDI’s positions inindustrial production, in industrial structure upgrade, and in import/export have beenstrengthened. The technical level has continued to rise and the number of R&D centers setup in China has been increasing. The increasing role of FDI in China’s economy hasaroused growing concern from all quarters. 2004 was a year that witnessed the mostextensive discussion among economists and other circles on the advantages anddisadvantages of FDI in China. Is the amount of FDI too much? Have foreign-fundedenterprises introduced advanced technologies? Have they produced an overflowing effect?Is there a monopoly on the domestic market by foreign capital? And does it affect economicstability and national security? (Guo Hong, 2004)
文摘In order to deploy the crucial levers in the transformation of the Chinese mode of economic development, it is necessary to identify the nature and reasons for the economy＇s existing mode of operation. The paradox of China＇s ＂double surplus＂ in the international balance of payments reflects the substantive issue of the appearance of a capability gap in Chinese economic development, which, interacting with dependence on FDI, hinders industry upgrading. As a result, the extensive mode of development has persisted and even worsened, rendering the Chinese economy more vulnerable to external shocks. At the historic juncture when the international economic environment is undergoing dramatic changes, the Chinese economy is likely to suffer severe setbacks due to its capability gap and dependence on FDI unless there is substantial development in its technological and organizational capacities and institution-building. Therefore, the critical variable in transforming the Chinese mode of economic development is capability growth.
