A Study On The Optimization Of Odi And Manufacturing Capacity In China

In the new century,all countries are taking the ocean as the link to develop the market,technology,information and so forth.In 2013 during the visit to the Central Asian and ASEAN,President Xi Jinping proposed a major strategic concept of “Belt and Road Initiative”.In 2015,The Promotion to the Construction of Silk Road Economic Belt and Twenty-First Century Maritime Silk Road Vision and Action was officially released,it is proposed to utilize the Yangtze River Delta,Pearl River Delta,Bohai and such areas which enjoy high degrees of economic strength and radiation driven by the economic zone effect,thus accelerate the construction of Twenty-First Century Maritime Silk Road.The construction of Twenty-first Century Maritime Silk Road will help to create a new pattern of all-round opening to the outside world,and brings benefits of ASEAN?South Asia and the relevant countries along.In recent years,China's economic development has entered a new normal type: The very rapid pace of economic growth is slowly turning into a middle-high speed pattern,the structure of China's economic development lags far behind the huge economic status of China.The manufacturing industry overcapacity is becoming a great problem in China's economic development,and it is facing large number of problems,such as rising labor costs,serious environmental pollution and the lack of innovation motivation in high technology manufacturing industry.As to the field of foreign investment in recent years,along with the gradual implementation of China's "going out" strategy,China has become the world's most important source of foreign direct investment.However,there are also some problems in China's foreign direct investment,such as the regional distribution is not reasonable,the investment scale is too small,and the economic benefit is low.Based on the above reasons,this paper selects the main countries which are along "Twenty-First Century Marine Silk Road" as the research objects,and aim at exploring how to combine the advantages of manufacturing advantages with foreign investment,so as to optimize the structure of production,then upgrade the manufacturing industry and boost the economic development of our country,and ultimately puts forward relevant policy suggestions.This paper is divided into six parts.The first part introduces the literature review andrelated topics.There are four aspects,including:research on China's manufacturing production capacity;the understanding of manufacturing capacity optimization and capacity utilization measures;research on ODI and manufacturing capacity;optimization of foreign direct investment and manufacturing capacity under the strategy of 21 st Century Maritime Silk Road.The second part is the analysis of the present situation of China's manufacturing capacity.First it introduces domestic and international advanced measures to calculate the manufacturing industry capacity,then take the co-integration method which is suitable to our country to measure and estimate the capacity of output.The third part introduces the characteristics and advantages of the national industry along the Silk Road,and points out the industrial development plan of the main countries along the route.The fourth part is the theoretical analysis of China's ODI and China's manufacturing capacity optimization.First,clear the meaning of manufacturing capacity optimization.Then discuss the domestic and international researches on the influence of ODI on manufacturing industry.The fifth part is the empirical analysis of ODI and manufacturing capacity optimization.It starts with the statistical analysis,introduce China's ODI status and several countries' production gap along the Maritime Silk Road.After that,the econometric model is selected,and conduct the empirical analysis of China's foreign investment and manufacturing capacity optimization and the upgrading of manufacturing industry.Then select the typical industry-home appliance industry as the case analysis.The sixth part is based on the former conclusions and the world's major economies' experience on dissolving excess capacity,then put forward effective policy recommendations concerning manufacturing foreign direct investment which accords with the situation of our country.