A Study On Utilization Of Foreign Investments In Agriculture Of China

As a very important role of world economy, China has made a tremendous achievement of utilizing foreign investment since the reform and opening up. China's agriculture began to utilize foreign investment in the end of 70's, when the reform and opening up just started. Agriculture is one of the earliest industries to utilize foreign investment. The new government has been paying unprecedented attention to agriculture due to its strategic position in the development of economy in China. Then Documents about agriculture has been issued again by the authorities in 2005. Solving the problems facing agriculture, rural areas and farmers has been the most important task for the government. Therefore, under the background that more and more attention has been paid to agriculture, it has both theoretical and practical significance to study how to expand, introduce and utilize foreign investment effectively and efficiently to promote agricultural modernization, industrialization and internationalization. This dissertation is composed of four parts (five chapters) to discuss the central topic "Utilization of Foreign Investments in Agriculture of China".In part one, the background, purpose, significance, content and methodology of this study are introduced and an overview of the past and current studies and researches is presented (Chapter 1). Besides, the basic theories of agriculture utilizing foreign investment are summarized (Chapter 2).In part two, the characteristics of agriculture utilizing foreign investment in China are summarized according to its development, status quo and problems existing in the developing process. Moreover, the model of FDI's contribution to agriculture economic growth is set up to analyze relations between agricultural GDP and FDI in agriculture. Also, this part sets up a multivariate regression model of FDI and its influence factors such as the level of agriculture economic development, human capital, the extent of agricultural internationalization and investment climate, etc. The quantitative analysis can provide the data support for government policy.In part three, through introducing the international experiences and lessons of agriculture utilizing foreign investment in developed countries (America and Korea) and in developing countries (Thailand, India, Brazil and Indonesia), some inspirations have been drawn for foreign investment utilization in our agriculture.Based on the theoretical and empirical analysis of the status quo, problems and the influence factors of agriculture utilizing foreign investment, learning its international experiences and lessons, part four comes up with some concluding remarks and policy suggestions as follows: agriculture in China should further strengthen the development and exploit market potential; improve agricultural investment climate and upgrade the superiority of introducing foreign capital; intensify high-quality foreign investment introduction and increase the utilizing efficiency; enhance the supervision and control of both domestic and foreign markets as well as establish and consummate rules and regulations.