| China has been a member of WTO for a year. According to the agreement of China entering the WTO and WTO legal texts, our diligent goals are to deepen the political structure reform, Adjust national economic system, perfect the market economic system, optimize resource distribution, Promote upgrading of industrial structure and optimizing of industrial organization, strengthen domestic enterprise's international competitiveness and Really obtain the globalization interests under open pattern. It is one reason to enter the WTO. So, domestic and abroad situations urgently make it necessary that China improves its macro economic policies, among which the foreign capitals policy is essential. It means full understanding and application of the agreement text and the full play of the subjective initiative, meanwhile concerning whether China could really transform the negotiate achievement into true interests. Making a general survey of the policy of foreign capital in reforming and opening-up over the past 20 years, we have got a lot of experience and lessons. In the face of the present fast-moving environment, Existing policy seems lagged behind and unable to do what one wishes. How can China structure a policy of foreign capital system fully developing the merit, avoiding the shortcomings and furthest obtaining the economic benefits? Author of this article makes every effort to analyze adjustment direction, principle and measure of foreign capitals policy of China as a member of WTO, setting up a policy frame with maneuverability for new policy of foreign capital of China.In the face of complicated and changeable economic environment both at home and abroad, our first task is to predict relevant economic index of China from different point of view under the new environment, in the hope of finding out the facts.The first step is to predict the development state of whole national economy. According to the prediction a d calculation of various kinds of data, we hold that China will keep high economic growth in the following 20 years, while most conservative World Bank estimate data stands 6%. Obviously the good economic prospect will strongly appeal to foreign capitals.The second step is to analyze the flowing change of foreign capitals. On one hand it is the scale: Liberalization of trade and development of national economy are absorbing the inflow of the foreign capitals, Besides, surplus of production capacity, aggravation of international competition and disparity of domestic soft environment have definite negative effects to investment. Synthetically, foreign capitals will keep flowing into on a large scale for a long time. On the other hand, we come to watch from investment way, industrial structure, regional structure, source place and technological structure, The noticeable change will appear in the inflow structure of the foreign capitals. Changes of these two sides surely urge China to adjust the policy of foreign capital.The third step is to analyze the investment part of WTO legal documents. We think that " TRIMs "has no big influence and China need to amend legislate, avoiding the contradiction. " TRIPs" and " ASCMs " relevant part have more or less negative effect on investing." GATS " relevant part will promote transnational investment greatly.Now we need to probe into the gain and loss of China utilizing of foreign capitals presently.Utilizing the data chart, we point out the positive impact on six respects of national economy of the foreign capitals. However, we must analyses the negative influence of foreign capitals, otherwise we can't define the adjustment direction and task of the policy of the foreign capitals. The existing problem stands as follow: Market monopoly and industry control bring obvious impact and threat to China's economic autonomy and national security, aggravate resource uneven distribution among area and industry, increase the development cost of China, Bring certain ecological problem and suppress and squeeze domestic enterprise. If these problems cannot be... |
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