| Export is one of the "troikas"of China’s economic growths.In the case of insufficient domestic demandexports to China’s economic growth is very important.Export is also important for China’s participation inworld economic integration. After the reform and opening up, China’s exports gained tremendous growth, its exports from less than§10billion before the reform and opening rose to1.8986trillion dollars in2011, Chinese exports accounted for the proportion of total world exports from less than before the reform and opening up1%rose to10.40%in2011. The rapid growth of China’s export growth with foreign exports are inseparable, after the reform and opening up, with the massive growth in China’s absorption of FDI, FDI enterprises have become the main body of China’s exports. Foreign-funded enterprises in China’s exports accounted for only2%in1986, more than20%in1992, over50%in1995, nearly60%in2006, thoughdespite fluctuations after2006, but remain above50%. Driven by foreign companies, China’s export growth rapid, which enhance the competitiveness of Chinese exports, but the export competitiveness is not only reflected in the absolute number of export growth,but isalso reflected in the relative share of the world market for the product. This not only requiresChina’s export products have scale, but also have some technical content to stand out in the international market competition. So whileFDIpromoting the absolute number of Chinese exports but can FDI promote to enhance the competitiveness of Chinese exports? At the same time, after the reform and opening up, China’s domestic financial market has developed very quickly, which makes up for the lack of capital formation, China through FDI to ease pressure on corporate financing needs have begun to decline, therefore,the major problem to China is not lack of capital formation, but is how to change China’s economy growth pattern from a extensive investment-led way in the past into a sustainable growth patternway driven by the technological innovations. Development of domestic financial markets, not onlymake up for the Chinese capital formation, but alsopromote the upgrading of China’s industrial structure and technological of enterprises with theefficiency improvement of locative of financial markets. Progress in these areas will inevitably affect China’s export competitiveness.Previous analysis shows, FDI and financial development are important factors for China’s export competitiveness, then what kind of relationshipbetween the two in the process of acting on China’s export competitiveness? View of this, this paper will analyze theoretically the mechanism of FDI and financial developmentacting on China’s export competitiveness. Analyze the alternative and complementary relationship of FDI and financial development.This article is divided into six chapters altogether. The first chapter is an introduction which describesrealistic background, content research and problem to be solved. Preliminary analysis the mechanism of FDIas well as domestic financial development that acting on China’s export competitiveness.Then describes the research methods to be used, the paper’s research ideas, the text of the structural arrangements. On the basis of that described of the technology roadmap,andexplain the innovation and difficulties of this study. The second chapter is the theoretical review and literature review. Review and sort literature of FDI and financial development on capital formation, industrial upgrading, technology spillovers.On this basis, FDI and financial development through capital formation, upgrading of industrial structure, technological spillover effect on export competitiveness is reviewed. The full text of the section not only laid the theoretical foundationis a basis to choice FDI, domestic financial development and export competitiveness as the research object,but also for the theoretical framework of this article after the proposed hypothesis to be tested and to do the groundwork. The third chapter is the theoretical framework and hypotheses. On the basis of existing relevant studies and through practice observation and logical reasoning,constructthe theoretical framework of this article. FDI absorption combined with China’s current situation and history. Combined with the development process of China’s domestic financial markets. From the perspective of the process and mechanism analysis of FDI and financial development affect my export competitiveness against China,in this process as well as Mechanism of interaction between FDI and domestic financial development. First, were explained by FDI and domestic capital formation, financial development, upgrading of industrial structure, the impact of technological advances in the path of China’s export competitiveness. Afterwards,take the mechanism of interaction between FDI and domestic financial development into the analytical framework. Examine the role of FDI in China’s export competitiveness in the process. Play domestic financial development of alternative or complementary roles. Finally, on this basis, proposed hypothesis to be tested in this paper. The fourth chapter is to build indexes, data and research methods. Develop research programs according to the proposed assumptions to be tested of Chapter III of. First, screensuitabledata for this study from the currently available data. On the basis of the data available on, this part of the main object of this study is designed FDI, financial development, and export competitiveness indicators to quantify. The results show. RCA has decreased to some extent in the provinces as a whole on various industries. Relative to the development of world industry, Chinese Industrial competitiveness is relatively reduced. But look at the breakdown of the industry, RCA of Chinese provinces industry not only rise but also fall. RCA of some comparative advantage in traditional industries is decline, some capital and technology-intensive industries is rise. As China ferrous metal smelting and rolling processing industry, RCA index general equipment manufacturing industry has been significantly improved; higher FDI participation in the industry largerexport degreethe industry have. Provinces with rapid financial development have more of total exports. These description FDI and domestic financial development can promote the growth of Chinese exports. However, if FDI and domestic financial development could enhance the competitiveness of Chinese exports,needs further empirical testing. The fifth chapter is the empirical results and analysis. This part based on thedata structure of provinces use industry multi-multi-linear model (HLM) for empirical test. The results show that China absorbed FDI While promoting export growth of China’s industrial sector, but did not improve the export competitiveness of China’s industrial sector. On the contrary, the larger proportion of FDI in the industry,theweaker comparative advantage export competitivenessits have; The sixth chapter is the conclusion and policy recommendations of the study. The first parts of the main conclusions of this study are summarized. Afterwards, according to the main conclusions of the paper, put forward specific policy recommendations for China’s foreign capital and financial reforms. Include:the future of the industry to absorb FDI choice, Policies selection of vertical and horizontal nature of FDI proposals. Finally, describeda number of shortcomings in this paper, and discussed the future research directions.
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