Reach On The Utilizing Fdi Optimize The Industrial Structure Of Shanxi

The deepening constantly of economic globalization is promoting theinternational division of labour to expand in a greater scope and depth, andmeanwhile accelerating the elements of global flow as well.At the present, thanks tothe complicated and volatile global economy, especially some major economies madethe long slow climb out of the recession and China put forward a series of policies toaccelerate the transformation of economic development mode and promote abalanced development in regional economy, which has provided favorabledevelopment environment for the expander of foreign direct investment in China.Shanxi province seized the opportunity to promote industrial restructuring anddevelopment of strategic initiatives vigorously, which can provide a powerfulimpetus for foreign direct investment in Shanxi. The profound knowledge of the levelof economic development and factor endowments laid the material foundation forShanxi to undertake international industrial transfer and a greater degree ofintegration into the international division of labor.Shanxi economic growth relies on the extensive coal, coke, metallurgy,electricity for a long period. To promote sustainable economic and healthydevelopment of Shanxi, the internal force is certainly important, while the externalforce should not be underestimated either. It is an effective development path withthe foreign direct investment to achieve the goal of economy transition of Shanxi.Throughout the development of Shanxi since reform and opening up, taking use offoreign direct investment (FDI) has made certain achievements, though there are stilllarge problems compared to the developed areas Not only for small-scale, low funds,a single investment, and foreign direct investment in industry-oriented investment inShanxi low correlation. Therefore, in the opening period, to take use of foreign directinvestment in Shanxi must emphasize the industrial restructuring and development,coordination; strengthen government guidance, rely on the local characteristics of the endowment conditions to the development of industry development plan of theprovincial features, innovate the thinking of using of foreign direct investment,encourage foreign investment in strategic and emerging industries, ask for foreigndirect Investment transform and upgrade traditional industries with the potential tocompete in the international market, and improve the level of modern service industrythrough the use of foreign direct investment. With a mode of dotted line combinedfocus on layout, we will improve the quality and size of foreign direct investmenteffectively and then promote Shanxi industrial features in leaps and bounds intransition.