|Title:||The impacts of foreign direct investment on China's economic growth|
|Subject:||Investments, Foreign -- China|
China -- Economic conditions -- 1976-2000
Hong Kong Polytechnic University -- Dissertations
Department of Business Studies
|Pages:||vi, 77 leaves : ill. (some col.) ; 30 cm|
|Abstract:||China's economy has been growing swiftly over the past 20 years. One of the driving forces that contribute to the remarkable growth has been the increasing openness of the economy. In particular, FDI played a significant role in this growth. As FDI is of interest to policymakers, this paper attempts to develop a testable model to analyze and evaluate the impacts of FDI on China's economic growth, applying to 30 Chinese provinces for the period of 1985-1998. The empirical results evidence that FDI serves as an important engine of the growth in China. It has made significant contribution in supplementing the deficiency of domestic funds, increasing the industrial output value, boosting China's exports, and upgrading technology and management skills. Although the development of FDI in the mainland is still challenging, China's entry into WTO is expected to improve the status and have favorable impacts on FDI. This paper discusses and explores the problems associated with FDI and its future prospects in detail. Policy implication is drawn at the end. To conclude, so long as sound investment policies and strategies are in place, further protective barriers that frustrate foreign businesses are dismantled, and opportunities are seized promptly, China's foreign investment prospects will improve. China's overall FDI will then be likely to maintain strong growth, and thus enhance the stimulation on the economic development.|
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