"Over the last 40 years,we have consistently adhered to an independent foreign policy of peace,followed the path of peaceful development and pursued a win-win strategy of opening-up,"declared Chinese Preside..."Over the last 40 years,we have consistently adhered to an independent foreign policy of peace,followed the path of peaceful development and pursued a win-win strategy of opening-up,"declared Chinese President Xi Jinping,also general secretary of the Communist Party of China(CPC)Central Committee,at a major event on December 18,2018,organized to commemorate the 40th anniversary of reform and opening-up.展开更多
China has undergone the three major stages in its development of foreign-invested enterprise: exploratory development, accelerated development and innovative development. This harnessing of foreign investment has resu...China has undergone the three major stages in its development of foreign-invested enterprise: exploratory development, accelerated development and innovative development. This harnessing of foreign investment has resulted in tremendous success for China, including making up for the funds shortage for economic construction, promoting corporate technological progress and management expertise, easing employment pressure, increasing fiscal revenue and boosting trade. At the same time, there have been problems, including questions of economic security, environment and energy issues, unequal competition and problems with the management of foreign-invested enterprises. To promote the development of foreign-invested enterprises in both a healthy and rapid fashion, China should look toward "maintaining policy continuity, promoting the forward-looking nature of policy, strengthening policy guidance and highlighting policy innovativeness."展开更多
Over the past four decades,the Chinese people have always pursued development with an open door,and have accomplished a great transition from seclusion and semi-seclusion to all-round openness.China,s economic progres...Over the past four decades,the Chinese people have always pursued development with an open door,and have accomplished a great transition from seclusion and semi-seclusion to all-round openness.China,s economic progress,understood in a global historical context,is unique.Facing the rise of foreign companies in China,Beijing balances market competition due to the diversification of economic actors and local protection of SOEs and strategically important industries.The CPC has developed powerful,effective top-down mobilization capacities.The quality of the ruling party is also vital to developing countries,and most developing countries usually still lack well-developed governments,markets and civil societies.Reforms are necessary for growth and for the ruling party as well.While African developing countries face the challenge of finding a suitable development path,they could find the answer after getting a better understanding of Chinese reform and opening up.展开更多
Outwardforeign direct investment(OFDI)has increasingly become an important method for China to integrate into the world economy.This paper comprehensively reviews and analyzes policy development and the changing patte...Outwardforeign direct investment(OFDI)has increasingly become an important method for China to integrate into the world economy.This paper comprehensively reviews and analyzes policy development and the changing pattern of China's OFDI over the past 40 years.We divide the development into"restricted”(1978-1999),"relaxed"(2000-2016)and"regulated",(2017 onwards)stages.This paper also reviews literature on the impact of Chinese OFDI on China and host countries.Despite its generally positive effects,large-scale and unbalanced OFDI activities have alarmed Chinese policymakers.Both developing and developed host countries have expressed their concern over national security and the misbehavior of some Chinese overseas enterprises.Therefore,greater supervision and adjustment from quantity to quality growth is necessary for the future development of China's OFDI.展开更多
This paper comprehensively reviews China＇s openness since 1978 from three aspects： trade, foreign investment and global production sharing. We point out that the economic development of China is now standing at a hi...This paper comprehensively reviews China＇s openness since 1978 from three aspects： trade, foreign investment and global production sharing. We point out that the economic development of China is now standing at a historic turning point. Specifically, economic changes in China are discassed from four dimensions： （i） from China being a world assembly line to a world manufacturing powerhouse; （ii） from China being a world capital receiver to a world investor; （iii） from China being a world factory to a world market; and （iv） from the situation of ＂made in China＂ to ＂innovated in China.＂ At the same time, the global economic system has also reached a turning point. A ＂North America-Europe-Asia ＂ tri-polar system has formed, in which the USA, Germany and China, respectively, serve as the regional core economies.展开更多
文摘"Over the last 40 years,we have consistently adhered to an independent foreign policy of peace,followed the path of peaceful development and pursued a win-win strategy of opening-up,"declared Chinese President Xi Jinping,also general secretary of the Communist Party of China(CPC)Central Committee,at a major event on December 18,2018,organized to commemorate the 40th anniversary of reform and opening-up.
文摘China has undergone the three major stages in its development of foreign-invested enterprise: exploratory development, accelerated development and innovative development. This harnessing of foreign investment has resulted in tremendous success for China, including making up for the funds shortage for economic construction, promoting corporate technological progress and management expertise, easing employment pressure, increasing fiscal revenue and boosting trade. At the same time, there have been problems, including questions of economic security, environment and energy issues, unequal competition and problems with the management of foreign-invested enterprises. To promote the development of foreign-invested enterprises in both a healthy and rapid fashion, China should look toward "maintaining policy continuity, promoting the forward-looking nature of policy, strengthening policy guidance and highlighting policy innovativeness."
文摘Over the past four decades,the Chinese people have always pursued development with an open door,and have accomplished a great transition from seclusion and semi-seclusion to all-round openness.China,s economic progress,understood in a global historical context,is unique.Facing the rise of foreign companies in China,Beijing balances market competition due to the diversification of economic actors and local protection of SOEs and strategically important industries.The CPC has developed powerful,effective top-down mobilization capacities.The quality of the ruling party is also vital to developing countries,and most developing countries usually still lack well-developed governments,markets and civil societies.Reforms are necessary for growth and for the ruling party as well.While African developing countries face the challenge of finding a suitable development path,they could find the answer after getting a better understanding of Chinese reform and opening up.
文摘Outwardforeign direct investment(OFDI)has increasingly become an important method for China to integrate into the world economy.This paper comprehensively reviews and analyzes policy development and the changing pattern of China's OFDI over the past 40 years.We divide the development into"restricted”(1978-1999),"relaxed"(2000-2016)and"regulated",(2017 onwards)stages.This paper also reviews literature on the impact of Chinese OFDI on China and host countries.Despite its generally positive effects,large-scale and unbalanced OFDI activities have alarmed Chinese policymakers.Both developing and developed host countries have expressed their concern over national security and the misbehavior of some Chinese overseas enterprises.Therefore,greater supervision and adjustment from quantity to quality growth is necessary for the future development of China's OFDI.
基金We thank Yacheng Yang and Chunrui Liu from Tsinghua University for providing very helpful research assistance. This work was supported by the National Natural Science Foundation of China （No. 71503047）, the Beijing Social Science Foundation （No. 15JGC 162）, and the Fundamental Research Funds for the Central Universities of the University of International Business and Economics （No. 16YQ02）. 1In this paper, ＂China＂ refers to ＂Chinese mainland.＂
文摘This paper comprehensively reviews China＇s openness since 1978 from three aspects： trade, foreign investment and global production sharing. We point out that the economic development of China is now standing at a historic turning point. Specifically, economic changes in China are discassed from four dimensions： （i） from China being a world assembly line to a world manufacturing powerhouse; （ii） from China being a world capital receiver to a world investor; （iii） from China being a world factory to a world market; and （iv） from the situation of ＂made in China＂ to ＂innovated in China.＂ At the same time, the global economic system has also reached a turning point. A ＂North America-Europe-Asia ＂ tri-polar system has formed, in which the USA, Germany and China, respectively, serve as the regional core economies.
