This paper presents an empirical study of how U.S. antidumping （AD） actions against China affect China ＇s inward and outward foreign direct investment （FDI） based on the international division of labor model. Our...This paper presents an empirical study of how U.S. antidumping （AD） actions against China affect China ＇s inward and outward foreign direct investment （FDI） based on the international division of labor model. Our findings are as follows： （1） The U.S.-China trade deficit has been widened by both downstream firms in China established through vertical FDI and also inward enterprises established through horizontal FDI. The widening deficit in turn exacerbates vitriolic complaints in the U.S. about injury to its industries. This will lead to further U.S. AD actions discouraging FDI in China. （2） U.S. AD cases against China have negatively impacted China＇s metal manufacturing, chemical and, especially, textile industries in terms of exports and inward FDI. From 2004 to 2009, the share of total inward FDI going to China＇s manufacturing sector has dropped drastically by almost 20 percent. This supports predictions made using the international division of labor model. （3） With U.S. AD actions against Chinese products on the rise, Chinese firms chose not to circumvent such barriers through outward FDI in the U.S. but rather through outward FDI in tax havens. Such a pattern of outward FDI is not helpful for China to establish its own successful industrial development model.展开更多
According to EY 4th issue of its China outbound investment report'China Go Abroad—Key connectivity improvements along the Belt and Road in telecommunications&aviation sectors',and expects China’s outward...According to EY 4th issue of its China outbound investment report'China Go Abroad—Key connectivity improvements along the Belt and Road in telecommunications&aviation sectors',and expects China’s outward FDI in 2016 is likely to exceed 170 billion US dollars for the whole year and reach another historical record high.In the coming years,the tide of China’s overseas investment should continue to rise and maintain a double-digit growth rate.展开更多
In 1978,China began to open its door to the outside world.After three decades of step-by-step reform,the country has developed into the world's fourth largest economy with a growth rate continuing in the double di...In 1978,China began to open its door to the outside world.After three decades of step-by-step reform,the country has developed into the world's fourth largest economy with a growth rate continuing in the double digits.What has been the nature of China's reform? What achievements have been made? In this article,the author takes an in-depth look at these questions,delivering an analysis of China's 30-year transformation.展开更多
This year marks the 50th anniversary of the normalization of diplomatic relations between China and Japan.Looking back on the past and forward to the future,we realize modernity has become a critical issue that not on...This year marks the 50th anniversary of the normalization of diplomatic relations between China and Japan.Looking back on the past and forward to the future,we realize modernity has become a critical issue that not only China and Japan,but the whole East Asian region should pay attention to.China and Japan are both within the“Circle of Confucius Culture”and are both modern latecomer countries.As they were coerced by western countries to enter the modern age,they shared multiple common features.An exploration of the two countries’respective rising of modern women’s education is an important path to discuss the reconstruction of gender and an important method of the course of the embodiment of east-Asian women into modernization drives.With regards to conclusion,entering the modern age,Chinese and Japanese intellectuals reshaped the female gender in terms of interpersonal relationship,value system,and knowledge structure by advocating the idea of“virtuous wives and worthy mothers”education.In the concept of virtuous wives and worthy mothers in East Asia,the Confucian ethics of“docility and virtue”is the soul,and modern scientific knowledge serves this core value.On the other hand,in the course of localization in China and Japan,this imported concept from the West has encountered a completely different historical fate.展开更多
Background: In 1996, Wahaha, Danone and BNP (Hong Kong) jointly invested in and incorporated 5 companies to manufacture Wahaha brand products, including purified water and eight-treasure porridge. Wahaha holds 49% equ...Background: In 1996, Wahaha, Danone and BNP (Hong Kong) jointly invested in and incorporated 5 companies to manufacture Wahaha brand products, including purified water and eight-treasure porridge. Wahaha holds 49% equity interests in these companies, while Danone later became the dominant shareholder with a 51% stake after acquiring shares held by BNP in the aftermath of the Asian financial crisis. Danone then proposed to transfer the Wahaha brand to a joint venture but did not succeed. Subsequently, a trademark usage contract was signed by both parties instead. In the ensuing years, the Wahaha Group established non-JV companies in west China, central China and the Three Gorges reservoir area. These companies had RMB 5.6 billion of total assets as of December 31st, 2006 and made a net income of RMB 1.04 billion in that year. On April 3rd, 2007, Danone intended to force a deal by which it could acquire 51% equity interests in those non-JV companies for a sum of RMB 4 billion. Wahaha Chairman Zong Qinghou later complained that he and Wahaha fell into a trap set up by Danone. Both parties have since engaged in a lengthy "war of words", thereby arousing a grand debate on China's FDI policies.展开更多
China-Japan Relationship is a very special bilateral tie in international relations since it＇s a matter of regional peace and stability. The Abe administration has long pursued a ＂bet-hedging＂ strategy towards Chin...China-Japan Relationship is a very special bilateral tie in international relations since it＇s a matter of regional peace and stability. The Abe administration has long pursued a ＂bet-hedging＂ strategy towards China. Although it claims that it attaches great importance to the ties between Japan and China, it pursues ＂Strategic Diplomacy＂ and ＂Value-oriented Diplomacy＂ to hype up the so-called ＂China Threat＂ in international community. It not only makes China-Japan relations to continuously fall into a vicious circle of＂repeated deterioration＂, but also become an uncertainty for peace and stability in East Asia and the regional security. In addition, it reflects the ＂diplomacy dilemma＂ of the Abe administration＇s China policy.展开更多
Ⅰ. Introduction In the wake of the Debt Crisis of the early 1980s, the World Bank pub-lished a report to summarize developing countries’ experience in utilizingforeign capital. According to the report, "Foreign...Ⅰ. Introduction In the wake of the Debt Crisis of the early 1980s, the World Bank pub-lished a report to summarize developing countries’ experience in utilizingforeign capital. According to the report, "Foreign finance can promotegrowth through higher investment and technology transfers. It can allowcountries to adjust gradually to new circumstances in the world economy.展开更多
Foreign investors flock to China＇s largest investment fair LEaDING a delegation comprising 150 senior executives from multinationals and 100 government officials, Harley Seyedin, President of american chamber of comm...Foreign investors flock to China＇s largest investment fair LEaDING a delegation comprising 150 senior executives from multinationals and 100 government officials, Harley Seyedin, President of american chamber of commerce in South china （amcham South china）, was pleased with展开更多
Better ties with China could help Japan’s economic recovery The Japanese political merrygo -round has spun out yet another new prime minister. On August 30, Yoshihiko Noda replaced Nao to Kan to become Japan’s third...Better ties with China could help Japan’s economic recovery The Japanese political merrygo -round has spun out yet another new prime minister. On August 30, Yoshihiko Noda replaced Nao to Kan to become Japan’s third prime minister in the last two years and sixth in the last five years. Observers展开更多
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
基金This paper is sponsored by the Chinese National Social Science Foundation Project （grant llBJY142）, Chinese MOE Project of Key Research Institute of Humanities and Social Sciences at Universities （grant 08JJD790138）, Shanghai Pujiang Program Project （grant 2011C）, Shu Guang Project of Shanghai Educational Development Foundation （grant llSGl0） and 985＇Third Period Project of Fudan University （grant 2011SHKXZD002）.
文摘This paper presents an empirical study of how U.S. antidumping （AD） actions against China affect China ＇s inward and outward foreign direct investment （FDI） based on the international division of labor model. Our findings are as follows： （1） The U.S.-China trade deficit has been widened by both downstream firms in China established through vertical FDI and also inward enterprises established through horizontal FDI. The widening deficit in turn exacerbates vitriolic complaints in the U.S. about injury to its industries. This will lead to further U.S. AD actions discouraging FDI in China. （2） U.S. AD cases against China have negatively impacted China＇s metal manufacturing, chemical and, especially, textile industries in terms of exports and inward FDI. From 2004 to 2009, the share of total inward FDI going to China＇s manufacturing sector has dropped drastically by almost 20 percent. This supports predictions made using the international division of labor model. （3） With U.S. AD actions against Chinese products on the rise, Chinese firms chose not to circumvent such barriers through outward FDI in the U.S. but rather through outward FDI in tax havens. Such a pattern of outward FDI is not helpful for China to establish its own successful industrial development model.
文摘According to EY 4th issue of its China outbound investment report'China Go Abroad—Key connectivity improvements along the Belt and Road in telecommunications&aviation sectors',and expects China’s outward FDI in 2016 is likely to exceed 170 billion US dollars for the whole year and reach another historical record high.In the coming years,the tide of China’s overseas investment should continue to rise and maintain a double-digit growth rate.
文摘In 1978,China began to open its door to the outside world.After three decades of step-by-step reform,the country has developed into the world's fourth largest economy with a growth rate continuing in the double digits.What has been the nature of China's reform? What achievements have been made? In this article,the author takes an in-depth look at these questions,delivering an analysis of China's 30-year transformation.
文摘This year marks the 50th anniversary of the normalization of diplomatic relations between China and Japan.Looking back on the past and forward to the future,we realize modernity has become a critical issue that not only China and Japan,but the whole East Asian region should pay attention to.China and Japan are both within the“Circle of Confucius Culture”and are both modern latecomer countries.As they were coerced by western countries to enter the modern age,they shared multiple common features.An exploration of the two countries’respective rising of modern women’s education is an important path to discuss the reconstruction of gender and an important method of the course of the embodiment of east-Asian women into modernization drives.With regards to conclusion,entering the modern age,Chinese and Japanese intellectuals reshaped the female gender in terms of interpersonal relationship,value system,and knowledge structure by advocating the idea of“virtuous wives and worthy mothers”education.In the concept of virtuous wives and worthy mothers in East Asia,the Confucian ethics of“docility and virtue”is the soul,and modern scientific knowledge serves this core value.On the other hand,in the course of localization in China and Japan,this imported concept from the West has encountered a completely different historical fate.
文摘Background: In 1996, Wahaha, Danone and BNP (Hong Kong) jointly invested in and incorporated 5 companies to manufacture Wahaha brand products, including purified water and eight-treasure porridge. Wahaha holds 49% equity interests in these companies, while Danone later became the dominant shareholder with a 51% stake after acquiring shares held by BNP in the aftermath of the Asian financial crisis. Danone then proposed to transfer the Wahaha brand to a joint venture but did not succeed. Subsequently, a trademark usage contract was signed by both parties instead. In the ensuing years, the Wahaha Group established non-JV companies in west China, central China and the Three Gorges reservoir area. These companies had RMB 5.6 billion of total assets as of December 31st, 2006 and made a net income of RMB 1.04 billion in that year. On April 3rd, 2007, Danone intended to force a deal by which it could acquire 51% equity interests in those non-JV companies for a sum of RMB 4 billion. Wahaha Chairman Zong Qinghou later complained that he and Wahaha fell into a trap set up by Danone. Both parties have since engaged in a lengthy "war of words", thereby arousing a grand debate on China's FDI policies.
文摘China-Japan Relationship is a very special bilateral tie in international relations since it＇s a matter of regional peace and stability. The Abe administration has long pursued a ＂bet-hedging＂ strategy towards China. Although it claims that it attaches great importance to the ties between Japan and China, it pursues ＂Strategic Diplomacy＂ and ＂Value-oriented Diplomacy＂ to hype up the so-called ＂China Threat＂ in international community. It not only makes China-Japan relations to continuously fall into a vicious circle of＂repeated deterioration＂, but also become an uncertainty for peace and stability in East Asia and the regional security. In addition, it reflects the ＂diplomacy dilemma＂ of the Abe administration＇s China policy.
文摘Ⅰ. Introduction In the wake of the Debt Crisis of the early 1980s, the World Bank pub-lished a report to summarize developing countries’ experience in utilizingforeign capital. According to the report, "Foreign finance can promotegrowth through higher investment and technology transfers. It can allowcountries to adjust gradually to new circumstances in the world economy.
文摘Foreign investors flock to China＇s largest investment fair LEaDING a delegation comprising 150 senior executives from multinationals and 100 government officials, Harley Seyedin, President of american chamber of commerce in South china （amcham South china）, was pleased with
文摘Better ties with China could help Japan’s economic recovery The Japanese political merrygo -round has spun out yet another new prime minister. On August 30, Yoshihiko Noda replaced Nao to Kan to become Japan’s third prime minister in the last two years and sixth in the last five years. Observers
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)
