Foreign Economy of China: Contribution to Growth, Structural Upgrading, and Competitiveness

Author: Jiang Xiaojuan
Publisher:
Publish Date: 2002-07-01
Features: The significant role of foreign capital economy is reflected in providing sources of funding, improving investment efficiency, expanding output, introducing advanced technology and R&D capabilities, upgrading industrial structure, expanding exports and enhancing the structure of export commodities, as well as promoting institutional reform, among many aspects. This book describes and analyzes the aforementioned aspects. The author also focuses on discussing controversial issues, including whether foreign-invested enterprises engage in monopolistic practices, whether a relatively large proportion of foreign capital economy would harm economic stability and security, whether relying on foreign capital to introduce technology would lead to technological dependence, and whether attracting foreign capital would result in capital outflow. Several chapters in the book also look ahead to the prospects of foreign investment in China, proposing strategic priorities for attracting foreign capital, such as involving foreign capital in the reform and restructuring of state-owned enterprises to form high-value-added, high-technology global manufacturing bases, and ensuring economic stability and security through increased openness. The book also identifies key areas for strengthening regulation of the foreign capital economy. By the early 21st century, the foreign capital economy had already occupied an important position in China's economy. Foreign capital not only drives the sustained growth of China's economy but also changes the way China's economic growth occurs, improving the quality of China's economic growth. This book describes and analyzes the significant role of the foreign capital economy in China's economy. The significant role of the foreign capital economy is reflected in providing sources of funding, improving investment efficiency, expanding output, introducing advanced technology and R&D capabilities, upgrading industrial structure, expanding exports and enhancing the structure of export commodities, as well as promoting institutional reform, among many aspects. This book describes and analyzes the aforementioned aspects. The author also focuses on discussing controversial issues, including whether foreign-invested enterprises engage in monopolistic practices, whether a relatively large proportion of foreign capital economy would harm economic stability and security, whether relying on foreign capital to introduce technology would lead to technological dependence, and whether attracting foreign capital would result in capital outflow. Several chapters in the book also look ahead to the prospects of foreign investment in China, proposing strategic priorities for attracting foreign capital, such as involving foreign capital in the reform and restructuring of state-owned enterprises to form high-value-added, high-technology global manufacturing bases, and ensuring economic stability and security through increased openness. The book also identifies key areas for strengthening regulation of the foreign capital economy. The entire book is primarily based on empirical research, striving to achieve comprehensive and systematic descriptions and analyses, with detailed and reliable data, credible facts, cautious and clear conclusions, and targeted and forward-looking insights. It is hoped that readers concerned with this issue from different perspectives will find content that interests them.