| Since the1990s, FDI which is an important form of the international capitalflows has a great development in the world and has gradually become the mostimportant booster of many developing host country’s economic and socialdevelopment and has had a profound impact on the host country’s economic andsocial development. For this reason, attracting foreign investment has become thefocus of the government work of the developing countries.The using of foreign investment in China is a major policy formulated accordingto the laws of economic development and national conditions of China, is the mostimportant part of China’s basic national policy of opening up, and is one of the greatpractices of building socialist market economy with Chinese characteristics. Openingup more than30years, China has made remarkable achievements in utilizing foreigninvestment and is becoming the country of attracting the most foreign investment andcreating a miracle of introduction and utilization of foreign investment of developingcountries.However, along with economic transition and development, using of FDI inChina shows the characteristics of expansion, pursuit of FDI number and size andserious neglecting of the quality of the introduction and utilization of FDI and safety,and has brought a lot of negative impacts on China’s economic and socialdevelopment. In order to improve the quality and level of introduction of FDI, ourgovernment and relevant departments have issued many policies and the work ofusing foreign investment in China has entered a new stage with more attention toquality. In order to further deepen the reform and opening wider to the outside world,promote the adjusting of the structure of the industry and economy, change the formof attracting foreign investment and improve the quality of FDI, it that the correctunderstanding, evaluation of FDI situation and systematic study are for the state andlocal governments to provide a more reasonable guide of the use of FDI to promoteeconomic and social development has become an important research topic. Correct analysis and evaluation of the quality of the Chinese FDI, are not onlyimportant to expand FDI theories, but also have important policy guidance andpractical significance to the scientific and rational guidance and use of FDI topromote the changes in the pattern of foreign investment and the quality of FDI topromote sustained economic and social development.FDI as a means to promote economic development and social progress in thehost country is subject to the strategic objectives of the domestic economic and socialdevelopment. Therefore, this dissertation, with the combination of China’s foreigninvestment policy and purpose, first discuss the concept of FDI quality which isdivided into the quality of introduction and the quality of using according to thepotential impact and actual impact of FDI on the host country. After the study of thedomestic and foreign literatures on FDI, we did theoretical analysis and empiricalresearch on the quality of FDI in China. Because the evaluation of the quality ofintroduction and utilization of FDI has many perspectives, so we only seize the mainpotential impacts and actual effects of FDI on China to do empirical research.Then we, on the base of the theoretical analysis and empirical research, built aset of index on quality of FDI in China to evaluate the quality of FDI of China for1998-2009year and of China’s regions in2006with using of the relevant data Finally,based on evaluation results, combined with the main problems in the process ofattracting and using FDI, from the prospective of making the foreign policy relativelystable and further changing the strategy of using FDI, the dissertation anlysized andprovides some suggestions on how to improve FDI quality.In this study, of course, there are a lot of inadequacies. Limited to the lack ofresearch and data of FDI, we only built a rough indicator system. And this studyactually is a summary of more than30years of FDI situation involves a wide rangeand is mainly based on the macro perspective, not yet involved in the micro-levelanalysis. Addition, this article focuses on the evolution of the overall quality of FDIfrom the point of comprehensive analysis, and it has the lack of a single in-depthstudy of certain angles, which is the focus of follow-up study. With the improvementin the level of opening up and the use of foreign investment and emphasis on FDIquality, the questions which are need to study will be more extensive and more profound. Therefore, this dissertation is only as a new starting point of the research ofthe quality problems of China’s FDI, and we, in the future, still need to continue tocomplete discussion which has begun but is far from the end. |
