By Yasheng Huang
This e-book approximately China's integration into the realm economic system proposes a significantly various point of view. so much economists view China's huge international direct funding (FDI) inflows because the results of China's fiscal good fortune. This learn perspectives an analogous phenomenon as a functionality of the imperfections within the chinese language financial system. It makes use of monetary idea to provide an explanation for FDI to a better volume than prior stories at the comparable subject. It additionally provides comparative FDI facts of extra international locations, making it extra entire than earlier stories which targeted in basic terms on China.
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Additional resources for Selling China: Foreign Direct Investment During the Reform Era
In 1998, FDI stock per capita in China was only $160. This measure is highly questionable. On a per capita basis, China is low on many other fronts. To illustrate this point, by this measure war-torn Angola would be considered more attractive than China as an FDI host. In 1999, FDI stock per capita in that country was $537. 2 are compiled from different sources and it is possible that the data for China may not match perfectly in the two tables. 1994 only. Sources: FDI data are from United Nations Conference on Trade and Development (1998, 1999, 2000, 2001).
41 38 39 40 41 Chinese industry data are reported in Ofﬁce of Third Industrial Census (1997). Calculated on the basis of data in Investment Commission of Ministry of Economic Affairs (1995). Calculated on the basis of data in Investment Commission of Ministry of Economic Affairs (1995). 3, p. 204. 27 Selling China The second indicator of the pervasive presence of FIEs is their geographic dispersion. Many Chinese ofﬁcials and Western researchers believe that FDI is highly concentrated in the coastal provinces to the neglect of China’s hinterland provinces.
8 b Total includes foreign loans. Actual FDI inﬂows refer to FDI inﬂows on a materialized basis. c Contractual alliances refer to activities such as asset leasing, compensation trade, and product processing and assembly between foreign and domestic ﬁrms. They correspond to “other investments” in Chinese statistical reporting before 1997. Since 1997 Chinese statistical authorities have included Chinese company share issues abroad in the “other investments” category. The data reported in this table exclude the company share issues abroad.
Selling China: Foreign Direct Investment During the Reform Era by Yasheng Huang