Research On The Institutional Vicissitude Of FDI In China

Since the reform and open policy, FDI has grown year by year in China, impelled our country national economy fast development. But at the same time, further relaxed along with the Chinese government to the foreign investment domain and the investment way limit, the foreign capital mode of entry has also had the tremendous change. On before century 90's, Joint venture management is the primarily way, since the 90's intermediate stages, the foreign sole ownership management unceasingly has risen by investment amount and the quantity, to the beginning of, sole-source investment enterprise surpass the joint capital enterprise, and becomes the fundamental mode in Chinese introduction foreign merchant direct investment regardless of is in increases the investment amount or in increases in the quantity .On the other hand, the foreigner increased the capital to expand the stock realization to enterprise's domination, the foreign merchant also through transnational and buys directly had been established the sole ownership company or obtains to enterprise's domination. The Chinese introduction FDI obviously presents "the sole ownership" the tendency.The sole ownership tendency in FDI brings the profound influence not only to participate in the management the microscopic economic subject as well as the connection enterprise ,moreover have the significant influence in on macroscopic brings in foreign capital the overflow effect to China which the goal and brings in foreign capital. Thus, this article embarks from the analysis the elementary theory of FDI, according to system of "the theory of institutional vicissitude—FDI vicissitude of China—FDI vicissitude characteristic—new system economic analysis of vicissitude reason s", pointed out the Chinese introduction FDI system vicissitude is one kind advances gradually the type to force supplies system vicissitude, and analyzed in the FDI system vicissitude process two characteristics—brings in foreign capital the policy "to advance gradually the type" the pattern and brings in foreign capital the way "the sole ownership" the tendency, foreign capital policy vicissitude had decided the way vicissitude, on the other hand, the way vicissitude induce to the new system demand, it demands system vicissitude. Based on the new system economic angle of view analysis, the negotiations structure reduction and transaction cost reducing is the Chinese introduction foreign merchant direct investment system vicissitude main reason. Looked from the negotiations structure, the chinese-foreign joint venture time and the foreign sole ownership time are facing the different negotiations structure, the joint capital time is one kind of three dimensional negotiations structure, involve to the multinational corporation, the domestic enterprise, the government, as a result of respective benefit difference, each kind of conflict which inevitably exists. The chinese-foreign joint venture enterprise's internal conflict and both sides capture to the domination have brought the joint capital enterprise's instability, but transaction cost reducing inevitably caused investment way vicissitude with the transaction efficiency enhancement.Foreign direct investment system vicissitude mentions to the Chinese economy development influence overall is the advantage is bigger than the shortcoming, but FDI system vicissitude has many not allow to neglect negative influences to the Chinese economy, like the threat state economy security, reduces the Chinese tax revenue in come, embezzles Chinese joint capital benefit, the state asset drains, intensifies the local structure and the industrial structure is unreasonable and so on the negative influence. In view of introduces the negative influence which in FDI appears, the paper proposes should to the strategy: One is government's change it's function, constructs has the Chinese characteristic the neutrality foreign capital policy; In creation, foreign capital equality competition environment; And strengthen supervising with FDI. Two, says from enterprise's angle, must enhance the enterprise own core competitive ability; cultivates and protects own brand; Sets up the domestic capital enterprise alliance and the conformity industry chain; Goes out, realizes FDI counter measure suggestion and so on bidirectional development.This article possible have four innovations :①System frame innovation. This article attempts a new system from the theory to practice , propose studies our FDI with the new system economic analysis method in introduced and appraises the domestic and foreign FDI theory, through introducing FDI system vicissitude and the characteristic analysis, promulgated the reason of FDI system vicissitude, and has analyzed negative influence FDI vicissitude which brought to the Chinese economy, proposed the strategy. This kind of portal frame construction has manifested the research comprehensive nature and the usability.②In the foreign direct investment policy aspect, promoted evolved complete and the rule understanding to our country FDI policy. This article analyzes the Chinese capital policy system vicissitude, from the region policy, the industrial policy, the tax policy aspects had pointed out our country foreign capital policy "advances gradually the type" the evolution pattern characteristic.③The driven condition research angle of view, divide FDI into the chinese-foreign joint venture time and the foreign sole ownership time, pointed out China introduced FDI to present "the sole ownership" tendency, has analyzed the foreign direct investment system vicissitude reason from the negotiations structure and the transaction cost two aspects.④proposed the next our country foreign capital policy adjustment goal should be constructs the neutrality foreign capital policy of Chinese characteristic, joining with WTO the reality, it will have the stronger instruction significance in regarding the future policy research, formulation and implementation.