Study On The Influence Factors Of Chinese Direct Investment In The American

For a long time the China-US economic relations based mainly on trade, as the US financial crisis and the pressure of RMB appreciation firmer, China-US trade with the US situation is more severe, purely export-oriented model will be difficult to sustain. US direct investment in China can allow more actively participate in the economic globalization in the past, it can effectively avoid the simple trade and the various disadvantages. At the same time the United States as the world's largest economy and economic competitiveness fullest market, but also China's main economic partner, has a sound infrastructure, well-developed financial system, a sound legal and leading-edge technology and research and development, is Chinese ideal investment destination?Early eighties of the last century was gradually started direct investment activities in the United States, but since the beginning of this century due to enter China's rapid economic development which led to a significant increase in the scale of China's direct investment in the United States. China's direct investment in the United States to enter the stage of rapid development, direct investment continued to rise, increasing the industry involved, the scope of regional activities involving direct investment has covered almost all US states, now has become a major destination for foreign direct investment in China?By the end of 2015, China's direct investment of up to US $ 46.6 billion than the $ 39.8 billion at the end of 2014 rose by about 17%; the total number of 869 projects involving an investment of Chinese enterprises in the United States employs 70,000 local people, an increase over the previous year 1.3 million of these investments geographically widespread, covering almost the entire United States. In the investment projects in the manufacturing, financial services, mining and high-tech industry is the main area of investment. Therefore, the study of US direct investment in China's influence factors conducive to learning its advanced technology, help get good management experience, is conducive to scientific decision-making to improve their competitivenessBased on the theory of foreign direct investment in developing countries and least developed countries in the past as well as on China through analysis of the current situation and characteristics of US direct investment in discovery: the level of economic development and the size of the US market, Chinese exports to the US, the US hightech level, appreciation of the RMB against the US dollar and the Sino-US trade barriers are the main factors of Chinese direct investment in the United States?Use 2000-2014 time series data, select the US GDP, US R & D investment, China's exports to the US, the RMB against the US dollar as well as the number of anti-dumping investigations China suffered the United States as observations VECM model constructed above five empirical study of influencing factors. The results show that: the US high-tech level and the size of the market and the level of economic development for the US direct investment in China has a strong appeal, while the increase in the United States and the continued appreciation of the yuan against Chinese trade barriers the United States also contributed to China's direct investment...