| As the step of the reform and opening-up is speeding up unceasingly, our country has obtained great achievements on absorbing and using the foreign capital. From the 1990s, our country has continuously been becoming the second great capital inflow country being only inferior to the United States for many years in the whole world and the first among the developing countries. In 2003,our country surpassed the United States and became the global first great capital inflow country. At present, the Foreign Direct Investment (FDI) has become the main way of our country to use the foreign capital. There were already many exhaustive elaborations on FDI's promotion effect to our national economy in the academic circle. About the effects of FDI to the foreign trade, many scholars also carried on the discussion and empirical analysis from different angles in recent years. These researches indicate that international capital flow has quite big promotion effect to our national foreign trade development.Qingdao city, as the forward position of China's opening-up, has a long and tortuous development process with outside economy. Since the 1990s, Qingdao Municipal Government has implemented effective investment policies and trade policies, FDI and foreign trade have achieved rapid development, which became the two important factors of pulling Qingdao's rapid economic growth these years. The relation between Qingdao's FDI and foreign trade has its integrality and independence, and the economic development, the governmental foreign policy and opening degree are relatively unified. Therefore, analyzing the effect of FDI on Qingdao's foreign trade will help us to recognize the fruits of Qingdao are using FDI and foreign trade, to understand the correlation between the two, to provide certain theoretical guidance for further increasing the intensity of investment in Qingdao and promoting FDI to the economic development to of Qingdao City. At the same time, this study can provide other coastal cities in China with some references to promote the FDI and the development of foreign trade.In order to deeply understand the correlation between the FDI and Qingdao's foreign trade, to study the specific impact of FDI's total, mode, structure, source of the country on Qingdao's foreign trade and to find the more reasonable and effective channels of using foreign investment for Qingdao, this paper collects large quantities of data to explain Qingdao's development status on FDI and foreign trade. By using co-integration analysis, the panel-data analysis, gravity model as three research methods, from the FDI's total, mode, industrial structure, source of the country to analyze the impact of FDI on the development of foreign trade in Qingdao, this paper mainly come to the following conclusions: Qingdao's FDI had an obvious positive impact on import and export trade of the Qingdao city; Qingdao's FDI has a stimulatory effect on Qingdao's export that is greater than Qingdao's import, such that Qingdao's import and export enlarging trade surplus annually; Qingdao's FDI investment in the form of foreign-funded enterprises played a promoting role on trade development of the Qingdao city; FDI's flow and stock can both promote the foreign trade growth in the first and secondary industries, but the significant role of the stock is more visible; among the country of foreign investment, the economic development level of the investor countries and regions produces the greatest impact on the foreign trade of Qingdao, but the impact on Qingdao's foreign trade brought by the investment of investor countries is not as much as that brought by the economic growth of the investor countries. Finally based on the understanding with the economic development of Qingdao and analysis conclusion, this paper points out some problems during using FDI to promote the foreign trade development in Qingdao, and also brings forward some development proposals, such as how to improve the scale and quality of FDI, how to guide the FDI capital flows.
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