Study On The Definition Of International Trade And International Investment Stage In China

Since the 1980s, global economic integration has become an important trend in various countries and regions whose economic intercommunication become tighter and tighter. International trade and international investment as a connecting tie to the economy of countries in the world and regions has been developed rapidly.Research on international trade and international investment mainly concentrated on analysis of the causes of them, relationship between them, effects in the home countries and the host countries'economy and employment, as well as investment effect, trade effect. Research on China's foreign direct investment is still in its preliminary stage. The overwhelming majority of the article is only on China's foreign investment in a general statement, not with China's specific national conditions, with foreign direct investment, especially in connection with international trade study. It failure to use the theory to define China's international trade and international investment stages. Take the imbalance of China's eastern, central and western regions into account, it's urgent to define the stages of them which will be help for the government's strategy.Paper analysis empirically the state of our country and the eastern, central and western regions in international trade and investment and defines the stages of them on the theory of Vernon's circle development and Dunning's theory of investment. Research shows that China's development cycle 1980-1990 and 1991-1993 in Vernon's and Dunning's first phase, 1994-2000, 2001 - so far in the Vernon's and Dunning's second phase. The eastern region's 1980-1993 and 1994-2001 Vernon cycle in Vernon's and Dunning's first phase, 2002 - so far in the Vernon's second phase and Dunning's third phase; the central region's 1980-1991 in Vernon's and Dunning's first phase, 1992-2001 and 2002 - so far in the Vernon's and Dunning's second phase; western region's 1980-1991 in the Vernon's and Dunning's first phase, 1992-1998 in Vernon's second phase and Dunning's first phase, 1998 - so far in the Vernon's and Dunning's second phase.The article finally proposes to speed up the transformation of government functions, adjust the industrial structure and trade, enhance their capability of independent innovation, develop measures to encourage foreign businessmen to the west and create FDI development strategies to promote the country's international trade and the further development of international investment.