Selling China: Foreign Direct Investment During the Reform EraChina is one of the most popular investment destinations in the world. For a number of years in the 1990s, China was the second largest recipient of foreign direct investment (FDI) in the world. Many hail China's large FDI absorption as a celebrated achievement of reforms. The central claim of this book is that the large absorption of FDI by China is a sign of some substantial weaknesses in its economy. FDI inflows into China surged in the 1990s because domestic firms were uncompetitive and they failed to capitalize on new business opportunities. Foreign firms responded by investing in China. China's partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese economy. |
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Selling China: Foreign Direct Investment During the Reform Era Yasheng Huang No preview available - 2005 |
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accounted affiliates Automotive Industry Corporation average Bank Beijing Beijing-XYZ Gear central government chapter China China's FDI inflows Chinese economy Chinese firms collective firms compared competitiveness constraints contractual alliances costs countries domestic firms economic fragmentation efficient enterprises equity stake example export factors FDI arrangements FDI dependency FDI patterns FDI regime FIES Fisher Body fixed assets foreign equity ratio foreign exchange foreign firms foreign investors foreign ownership Foshan Fujian garment industry Guangdong province Guangzhou Guizhou Hong Kong important inefficient International Finance Corporation investments Jiangsu JV acquisitions Kelon know-how loans Machinery Industry managers manufacturing million MNCs NCIC nonstate firms operating order of firms output percent perspective political pecking order private entrepreneurs production profits refrigerator regional round-trip FDI SAIC Shanghai share shareholding Shunde SOES substantial suppliers Suzhou Suzhou Peacock Table Taiwan Tianjin township TVES variable World Bank
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Page 357 - Statistics on: Overseas Chinese and Foreign Investment, Technical Cooperation, Outward Investment, Outward Technical Cooperation, The Republic of China, 1983-87.