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？

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-

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

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

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.

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-

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.

The Game between FDI and the Beneficial Policies of Host Country

Foreign direct investment （FDI） has great function to the growth of the economy in various countries. The beneficial policies of the foreign capitals are the main means to various countries to absorb FDI. Utilizing this means appropriately and designing beneficial policies, which can make the host country get the maximized revenue of utilizing FDI, are the key to absorb FDI effectively. In this paper, we set up a game model between the level of the host country＇s beneficial policies and the scale of FDI, and analyze what the key factors that influence the level of host country＇s beneficial policies are and how to decide the level of beneficial policies according to these key factors.

Evaluation on the Function and Result of FI under the New Economic Environment

Beginning with analyzing the accomplishment of FI affecting Chinese economy, the text analyzes and tests the effect of FI on our economy by using regression analysis and more simple equation. It turns out that the variety of the total sum of FI is consistent with the development of China’s economy. It discusses the disadvantages of foreign investment which is not used appropriately on economics. According to this, some proposition that how to allure FI and the intensity of alluring FI are probed into under the new economic environment. It provides theoretical basis for government formulating the policy and project of development of economy.

Analysis of the Moderator Effect of RMB Exchange-- Rate on Export The Case of Guangdong Province in China

An important limitation of the research literatures which study the effect on the export of the real effective exchange rates is the lack of application of interaction or moderator effect among the independent variables. To remedy this lacuna, the authors developed a model in which real effective exchange rate moderated the effect of import and utilization of foreign capital on export. The sample comprised 11 years＇ data in Guangdong China. The result showed that real effective exchange rate of RMB affected the export by interacting with utilization of foreign capital. Moreover, to some degree, the real effective exchange rate can also act as moderator between import and export.

Does Cancellation of Preferential Tax Policy Reduce Foreign Direct Investment Inflows？

In light of recent tax cuts by the US, should China reintroduce a preferential tax policy to attract foreign direct investment？ This paper investigates whether China＇s 2008 tax policy change affected inward foreign direct investment. In contrast to previous studies, we break foreign investment down into suspect and real foreign investment using firm- level data from 1998 to 2008 and conduct a difference-in-difference estimation to determine the effect of the tax policy change on both types of foreign investment and compare these to the effect on domestic investment. The results show that the 2008 tax policy change reduced the amount of suspect foreign investment and its effect on real foreign investment was insignificant, indicating that foreign firms in China are more concerned with the investment environment and economic stability than taxes. Therefore, China should create a regulated business environment instead of readopting supernational treatment for foreign enterprises.