Foreign Direct Investment In The Technology Of The Yangtze River Delta Region Spillovers Empirical Analysis And Revelation

As China's economy rapidly develops and its opening up goes further,China's absorption of foreign direct investment has been expanding,from the small scale in the 1980s to the unprecedented scale since the 1990s.Later in 1993,China became the host country of the world's largest foreign investment.Most the world's top 500 have set up enterprises in China.Not only is China developing into the largest foreign investment host,but it has also surpassed the United States,first in 2002,as the world's first country to attract investment.This article is to use empirical method to verify the current foreign direct investment in the Yangtze River Delta region,about the technology spillover effects;and on the basis of it,to further analyze the factors that have impact on the technology spillovers, so as to get an conclusion on how does foreign capital do to promote economic growth in Guangdong Province.Yangtze River Delta region has geographic advantage,cost advantage and comparative advantage to other regions.In addition,its way of making use of foreign investment has become more regulated and market-oriented;besides,local companies,especially those in the Zhejiang province, has been developing fast,with contracted foreign investment kept adding up year after year.As a result,it's very important for the Yangtze River Delta region to reflect and conclude useful experiences in making use of foreign investment,analyzing the foreign investment since the year 2002 so as to make more effective and reasonable foreign investment policies.In this sense,this paper is of vital importance to the Yangtze River Delta region in terms of investment structure restructuring and industrial structure adjustment.