Download or read book Foreign Investment and Economic Development in China written by Haishun Sun and published by Routledge. This book was released on 2018-08-10 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 1998 , Sun investigates the ramifications foreign investment has had on China over 1979 to 1996. This empirical research discusses the issues, theories as well as the regional economics to create a discourse in foreign investment in china.

Download or read book Foreign Investment and Economic Development in China written by and published by . This book was released on 2002 with total page 143 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foreign Investment and Economic Development in China 1840 1937 written by Chi-ming Hou and published by Taylor & Francis. This book was released on 2000 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: First published in 2000. Routledge is an imprint of Taylor & Francis, an informa company.

Download or read book Developing China The Remarkable Impact of Foreign Direct Investment written by Michael J. Enright and published by Taylor & Francis. This book was released on 2016-09-12 with total page 275 pages. Available in PDF, EPUB and Kindle. Book excerpt: The importance of foreign investment to China goes well beyond the USD 1.6 trillion in investment received since its opening. The unique analysis in this book shows that the investments, operations, and supply chains of foreign enterprises have accounted for roughly one-third of China’s GDP in recent years, and that foreign enterprises have made numerous additional contributions to China through technological, managerial, business practice, supply chain, and other spillovers. This book shows how China’s leaders managed this process and provides lessons for policy makers interested in building their own economies and tools for companies to demonstrate their contribution to host countries.

Download or read book Joint Ventures in the People s Republic of China written by Margaret M. Pearson and published by Princeton University Press. This book was released on 1992-09-21 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: When Chinese leaders announced in late 1978 that China would "open to the outside world," they embarked on a strategy for attracting private foreign capital to spur economic development. At the same time, they were concerned about possible negative repercussions of this policy. Margaret Pearson examines government efforts to control the terms of foreign investment between 1979 and 1988 and, more broadly, the abilities of socialist states in general to establish the terms of their own participation in the world economy. Drawing on interviews with Chinese and foreigners involved in joint ventures, Pearson focuses on the years from 1979 through 1988, but she also comments on the fate of the "open" policy following the economic retrenchment and political upheavals of the late 1980s. "Since the policy of `opening' was launched in Beijing in 1979 some Chinese leaders have favoured foreign investment, while others have feared that it would carry ideas and institutions that would corrupt Chinese socialism. This study of Chinese policies toward foreign-invested enterprises (FIFs) during the 1980s broadly charts significant changes in the impact of these competing views on policy. . . . Pearson's overview and analysis provide thought-provoking perspectives. . . . Pearson furnishes excellent evidence that throughout the 1980s the pressure for reform was so great that the conservatives had to retreat repeatedly, despite their concerns about the decline of collectivist values and the Maoist dream."--Stanley Lubman, The China Quarterly

Download or read book Direct Foreign Investment and Economic Development written by Xiaofang Shen and published by . This book was released on 1990 with total page 544 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foreign Direct Investment and Economic Growth in China written by Yanrui Wu and published by Edward Elgar Publishing. This book was released on 1999 with total page 270 pages. Available in PDF, EPUB and Kindle. Book excerpt: China is the world's second largest host for foreign direct investment, outside the US. This book offers insights into the impact of foreign direct investment on China's growth and regional development.

Download or read book Impact of Direct Foreign Investment on the Economic Development of China 1979 1993 written by Haishun Sun and published by . This book was released on 1996 with total page 508 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Foreign Investment and Economic Development in Hungary and China written by Zhen Quan Wang and published by . This book was released on 1995 with total page 384 pages. Available in PDF, EPUB and Kindle. Book excerpt: Covers the period 1978 to 1992. Develops a one-equation model to specify the determinants and effects of foreign investment.

Download or read book A Decade of open Door Economic Development in China 1979 1989 written by Edward K. Y. Chen and published by . This book was released on 1992 with total page 202 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Joint Ventures in the People s Republic of China written by Margaret M Pearson and published by . This book was released on 1991-01-01 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: When Chinese leaders announced in late 1978 that China would "open to the outside world, " they embarked on a strategy for attracting private foreign capital to spur economic development. At the same time, they were concerned about possible negative repercussions of this policy. Margaret Pearson examines government efforts to control the terms of foreign investment between 1979 and 1988 and, more broadly, the abilities of socialist states in general to establish the terms of their own participation in the world economy. Drawing on interviews with Chinese and foreigners involved in joint ventures, Pearson focuses on the years from 1979 through 1988, but she also comments on the fate of the "open" policy following the economic retrenchment and political upheavals of the late 1980s. "Since the policy of opening' was launched in Beijing in 1979 some Chinese leaders have favoured foreign investment, while others have feared that it would carry ideas and institutions that would corrupt Chinese socialism. This study of Chinese policies toward foreign-invested enterprises (FIFs) during the 1980s broadly charts significant changes in the impact of these competing views on policy. . . . Pearson's overview and analysis provide thought-provoking perspectives. . . . Pearson furnishes excellent evidence that throughout the 1980s the pressure for reform was so great that the conservatives had to retreat repeatedly, despite their concerns about the decline of collectivist values and the Maoist dream."--Stanley Lubman, The China Quarterly

Download or read book Foreign direct investment and capital formation in China since 1979 written by Ulrich Hiemenz and published by . This book was released on 1990 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Economic Development and Foreign Direct Investment in the People s Republic of China written by Robert Conkling and published by . This book was released on 2017 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since 1979, China has made significant progress in its transition from a state-controlled and dosed economy to a market-oriented system. The "Open Door Policy" invokes a distinctively Chinese version of a market economy which targets economic growth based on foreign trade and foreign direct investment (FDI). The Chinese government encourages FDI to achieve three main objectives. Through FDI new technologies and capital equipment are transferred in as part of the equity shares in joint ventures or wholly foreign-owned enterprises. At the same time, new management techniques and production process are brought in to the less sophisticated Chinese management environment. Lastly, despite the world 's highest savings rate, Chinese banks have structural inefficiencies supplying sufficient amount of money within the existing domestic financial system. Outside cash inflow is essential to sustain the high level of economic activities necessary to accommodate the needs of a 1.2 billion-strong Chinese population.Furthermore, several Chinese economic circumstances make FDI into its still infant business environment more attractive. The huge business growth opportunities backed by easy access to low labor costs and enormous potential markets are the main structural inducements to draw foreigners' attention. Besides these inherent economic conditions, some tax provisions induce offshore FDI investors to head towards China. Against the backdrop of the world's highest savings rate, al er native ways of financing various economic activities other than relying on Government credits are being sought in attempt to creating market oriented, high-tech based economy.

Download or read book Foreign Direct Investment and the Chinese Economy written by Chunlai Chen and published by Edward Elgar Publishing. This book was released on 2017-10-27 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: Foreign Direct Investment and the Chinese Economy provides a comprehensive overview of the impact of foreign direct investment, with extensive empirical evidence, on the Chinese economy over the last three and a half decades.

Download or read book China s Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.

Download or read book Foreign Direct Investment and Economic Growth in China s Regions 1979 2003 written by Kailei Wei and published by . This book was released on 2008 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: From 1978 to 2007, China has gone through 30 years of exciting economic development and social changes. In this thirty-year period, China's gross domestic product (GDP) increased from 0.36 trillion RMB to about 24 trillion RMB in current prices, or a 14 fold increase in constant prices. On a per capita basis, real GDP increased over ten fold during the same period. It is predicted that China will overtake Germany to become the world's third largest economy in 2007 or 2008. In 2006, China became the world's third largest exporter, moving from the 23rd place in the world ranking in 1978. By 2010, China will become the world's largest exporter, overtaking both the US and Germany. From 1994, China has been the largest host country of foreign direct investment in the developing countries and the second largest in the world after the US. Over 1979-2006, China accumulated a FDI stock of $692 billion. The total trade volume in 2006 was $1.76 trillion, generating a surplus of $177 billion. By November 2007, China had accumulated a foreign exchange reserve of $1.45 trillion, which was the largest in the world. The emergence of China has probably induced the most profound impact on the global social, economic and political order in world development history as the momentum of China's economic growth is predicted to last for at least another two to three decades. Economic development in China over the last thirty years can be divided into two main stages. The first stage was from 1978 to 1991, when the economic development strategy was characterized by institutional reforms in agriculture and industry. Agricultural reform began with the introduction of the rural household production responsibility System in 1978. By 1984, rural reform had made remarkable achievements in grain output, farm income, land productivity, and above ail, poverty reduction. The success of agricultural reform provided a solid foundation for the reforms in the industrial and urban sectors, starting from the early 1980s. As the urban industrial economy was dominated by state ownership, especially the state-owned enterprises, similar reforms methods that were proved successful in the countryside such as the production responsibility did not work very well in the cities. As a result, urban and industrial reforms encountered far more complication and difficulty in the 1980s and 1990s. To break the iceberg of the traditional Chinese planned system, opening was an important strategy of Deng Xiaoping to change the urban industrial economy to a market-oriented system. This was why China began with four special economic zones and 14 open coastal cities in the 1980s to experiment with capitalism and market in order to demonstrate that state-ownership and socialist planning can be substituted by, or at least supplemented with market capitalism. The second stage of China's economic reform started from 1992 after Deng Xiaoping made his tour to South China to encourage the people in the south, especially in Guangdong, to move faster towards a more open and market-oriented economy, allowing the inflow of foreign capital in large scale. Only after 1992 did foreign direct Investment (FDI) become a significant phenomenon in China's economic growth. Before 1992, FDI was allowed in the special economic zones and open coastal cities on an experimental basis. The amount of FDI was small because the government and the people did not have experiences in attracting foreign capital and were afraid that FDI could change the nature of the socialist state and the nature of the communist party. However, the difficulty in reforming the state-owned industrial sector also meant that if the government did not allow foreign capital to flow into China, it would have been impossible to achieve the reform objectives, one of which was to increase China's international competitiveness and industrial productivity. In short, economic reforms during 1978-92 can be regarded as reforms of domestic institutions and reforms after 1992 can be regarded as openness, export-push and globalization. One of the key elements of reforms after 1992 is FDL The role of FDI in China's economic development is not necessary to make up the shortfall of investments in the country as China has maintained a high saving rate since economic reforms. The most important contributions of FDI to the Chinese economy include technological transfer, competition, and export promotion. This thesis uses the most up-to-date and comprehensive data covering all the Chinese provinces over the period 1979-2003 to examine how FDI has contributed to economic growth. The growth models and the empirical results prove the following two important hypotheses: (1) FDI is a mover of production efficiency. It means that the presence of FDI helps domestic firms to reduce production inefficiency. (2) FDI is a shifter of the domestic production frontier. This means that FDI can help China to move to a higher technological production frontier so that for the same amount of inputs, China is able to produce more outputs, ceteris paribus, because the embedded technologies in FDI have brought about new technologies, production processes and management that were not existent within the country before. In the literature, few researchers have argued against the positive contribution of FDI to economic growth in China, but many have argued that FDI must have contributed to the rising income inequality, especially regional income inequality in the country. One important problem emerging from China's fast economic growth over the past three decades is the ever rising income inequality. Spatial inequality is an important part of total inequality. It happens that the pattern of this inequality is coincided with the pattern of FDI distribution. The east region has taken a lion's share of FDI whilst the inland regions assume a small portion. This thesis analyses both the patterns of income and FDI distribution across the provinces. It suggests that FDI cannot be blamed for regional inequality. Instead, it is the unequal distribution of FDI that has been responsible for the rising regional inequality. Consequently, the government should encourage, rather than discourage FDI to reduce regional income inequality, but the inflows of FDI must be directed more towards to the inland regions in the future. Another part of this thesis is to identify the main determinants of FDI in China. It is shown that market size, measured by GDP, infrastructure, population density, human capital, exchange rate, location and government policies are important factors influencing the inflows of FDI into China. The main conclusions in this thesis are as follows: (1) Fast economic growth in China has been helped by the massive inflows of FDI. (2) FDI helped domestic firms in improving competition and productivity. FDI also helped improving China's technological progress. Over the period 1979-2003, total factor productivity in China increased about 4% per annum and the contribution of FDI was roughly one-third of this productivity growth. Technological progress in China exhibits a two-steps waterfall shape, Coming down from more than 4% in the east, to less than 2% in the central, and to less than 1% in the west. (3) FDI cannot be blamed for the rising regional inequality in China. FDI should be encouraged, especially in the inland areas, to promote growth and to reduce regional inequality. (4) FDI inflows have been affected by many factors, among which government policies and macro-economic environment are important. To promote FDI, the relatively backward areas in the west and the central regions should be given more preferential policies, including taxation, infrastructure and education.

Download or read book Cultural Problems Within International Joint Ventures in China written by Michael Amtmann and published by Diplom.de. This book was released on 2005-01 with total page 128 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe: Abstract: Since the reforms of 1979, the Peoples Republic of Chinas (PRC) economy has experienced significant growth. There is no doubt that this economic expansion has been a direct result of the opening up of Chinese companies to foreign investors. The number of sino-foreign joint-ventures, which are by the way a privileged form of investment granted by the Chinese government, has been increasing rapidly. According to Chinese statistics, at the end of 1998, Chinese-foreign joint-ventures represented approximately two thirds of about 300 000 foreign investment projects that were approved by Chinese authorities. In fact, among the developing countries, China is currently the one which attracts the most western investments. Joining the World Trade Organization (WTO) in 2001, China pushed this development even further and while other countries were fighting a recession at the same time, it was able to sustain a growth of 7.8% regarding the Gross Domestic Product (GDP), 14.1% with respect to exports and 10.4% regarding imports. Consequently there is steady interest of foreign companies to form joint-ventures in the People's Republic of China. But whereas in the 1980ies mostly the huge corporations where entering this market, nowadays more and more midsized companies, for instance from Germany, are forming joint-ventures too. From the region Mittelfranken for example 320 businesses have developed ties with the People's Republic a plus of 60% from 1996. Many foreign firms are considering entering joint-ventures in China because this seems to offer the most attractive method for gaining access to the huge potential of the labour pool and market of China. Nonetheless, there are many warnings about the problems that have to be faced in order to establish a joint-venture in China. Chief among these is the problem of differing management styles between Foreign and Chinese partners. Very little accurate information is available about Sino-Foreign joint-vent"