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

Author: Jiang Xiaojuan
Publisher:
Publish Date: 2002-07-17
Features: The significant role of foreign-invested 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-invested economy would harm economic stability and security, whether relying on foreign investment to introduce technology would lead to technological dependence, and whether attracting foreign investment 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 investment, such as involving foreign investment in the reform and restructuring of state-owned enterprises to form high-value-added, high-technology global manufacturing bases, ensuring economic stability and security through greater openness, and identifying key areas for strengthening regulation of the foreign-invested economy. By the early 21st century, the foreign-invested economy had already assumed an important position in China's economy. The foreign-invested economy 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-invested economy in China's economy. The significant role of the foreign-invested 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-invested economy would harm economic stability and security, whether relying on foreign investment to introduce technology would lead to technological dependence, and whether attracting foreign investment 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 investment, such as involving foreign investment in the reform and restructuring of state-owned enterprises to form high-value-added, high-technology global manufacturing bases, ensuring economic stability and security through greater openness, and identifying key areas for strengthening regulation of the foreign-invested economy. The book primarily relies 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 interested in this issue from different perspectives will find content that appeals to them.