| FDI has been developing at a high speed in China since China's opening to the world. FDI has experienced from the small-amounted, narrow-ranged and heavily-restricted stage to the all-orientations, multiple- levels and broad-fields stage. So far, in FDI inward stock, China is the number one in developing countries. The early purpose of China's attracting FDI was mainly for the supply of enough capital for the investment of construction, and when we come to a new era, we change the target of using FDI to absorb high technology. Because China is in the initial developing stage, FDI from different countries will have significantly different effects on the economy.According to the differences in the techniques of the capital source countries, the differences in the scales of investment projects, the differences in the investment industries and professions, I differentiate FDI into the High Quality FDI and the Low Quality FDI, where the capital to bring about technology and economic growth is defined as the High Quality FDI and the capital to mainly aim at low-cost manufacturing is defined as the Low Quality FDI. Based on the qualitative and quantitative analyses of the FDI factors resulting in the rise of the technologic levels of China, I argue that the future direction of capital-absorbing is to enlarge the absorption of High Quality FDI through the maximization of technology transplantation in and between enterprises, as well as in and between industries.Considering that many scholars has analyzed the economic growth factors and concluded that technology progress has become the most powerful way of economic growth, and that by encouraging the general growth of economy, by promoting the Economic efficiency, and by converting the growing mode and the economic results, technology progress fundamentally alleviates "the bottleneck" the pressure on the state economy growth and thus ultimately encourages economic growth, I take an overall... |
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