The Study On Reverse Technology Spillover Effect Of China’s OFDI In The United States

Chinese economy enters the “New Normal”, facing the new environment, new opportunities, new challenges and new requirements, need economic structure adjustment,need technical innovation to speed up the cultivation of new economic development,promote the whole improvement of China’s economy.The current rapid development of knowledge economy, rapid progress in technology innovation, intense competition both at home and abroad, is to let technology not only become a country the engine of economic growth, at the same time has become the country competitive advantage in the world and the decision of getting the strong national competitiveness.But in an open economic environment and under the background of R&D globalization, the technological progress not only depends on the country’s R&D spending, and depends on R&D spillover from other countries.In the 1990’s, some scholars have proved the existence of the "Reverse Technology Progress Effect", with the deep development of economic and development of R&D globalization, adverse effect of technical progress continuously emerging in the reality of OFDI, the direct investment scale of developing economies to developed economies expands unceasingly, and even some developing countries specially began to merger and reconstruction in the developed countries, set up R&D research and development institutions, to get the host country R&D resources overflow for the purpose of promoting technical development of the mother country.In recent years, China’s overseas direct investment in developed economies is growing rapidly, according to figures from the Ministry of Commerce, at the end of 2013 in developed countries investment stock was $93.7 billion, up 0.5% on the previous year, further based on “the Retrospect and Prospect of China’s Economy in 2015”, only 1 of ten big overseas mergers involving mining deals, and 9 cases occurred in developed countries.Visibility, the direct investment in the developed countries or districts gets gradually the favour of China’s overseas investment enterprises, and for technical purpose.Based on this, this article argument aside, under the premise that define TSFDI, select a single country to study the United States, on the analysis of the status of China direct investment to American and the related research theory, on the basis of combing empirical econometric model is established, from the perspective of the empirical test analysis and study the reverse technological overflow effect size of China direct investment in American, it is concluded that China’s direct investment to the United States, a 1%increase to make China’s technical level is increased by 0.045%. Visibility, technologyaccess to foreign direct investment is conducive to China’s technological progress, at least prove the existence of the reverse effect of technological progress in direct investment in the developed countries United States, it’s significant. Therefore in the paper summarizes the several related policy proposals on how to improve the reverse technology overflow of direct investment form US several related policy proposals, such as need maximum play "second innovation", strengthen against on the investment risk, cultivating its multinational companies, in order to provide constructive reference for Chinese companies direct investment to the United States or other developed countries.