An Analysis Of The Effectiveness Of The Imports And Exports Of Foreign-Funded Enterprises

Since reforming and opening,our country has actively brought in foreign capital.More and more foreign enterprises set up in Chinese.Encouraged by "go abroad" policy and "bringing in" policy,foreign-investment enterprises' external trade has occupied an extremely important role in our country.In the macro-perspective,the increases of international trade resulted from FDI promotes the economic development.However,in terms of micro-economy,whether the increases of international trade resulted from FDI will lead to the performance improvement?With foreign enterprises from 2011 to 2015 which have imports and exports data in Shaanxi as sample,this article analyzed the present situation and the characteristics of foreign-investment enterprises' external trade on the micro level,compared the performance of different types of foreign funded enterprises and studied the factors impacting imports and exports of the foreign-funded enterprise.On this basis,using the unbalanced panel data,this paper explored the relationship between foreign enterprises' export intensity,import intensity and the enterprise performance by the empirical research.The results may help the development of foreign funded enterprises in China and put forward the guiding suggest io ns for the foreign trade.Concluded as follows: 1.Foreign trade enterprises in all foreign enterprises are not much.However,these enterprises' import-export volume is very large;2.In the export respect,the market orientation of foreign enterprises is experiencing the transform from export orientation to the mode of opening up markets.Export-oriented foreign-funded enterprises mostly are inclined to sole-investment method,and most foreign enterprises belong to the mode of opening up markets are international joint ventures.In the import respect,most foreign import enterprises purchase raw materials and equipment from the internal,not external.Import-oriented foreign-funded enterprises mostly are inclined to sole-invest me nt method.And those enterprises which basically purchase raw materials and equipment from China are often the joint ventures and wholly foreign-owned enterprises;3.In all foreigninvested enterprises,the performance of the foreign trade enterprises is not good as other enterprises;4.The foreign enterprises which have the higher assets liabilities ratio,the longer periods of time and the less investment for R&D will have the higher export intensity.The foreign enterprises which have the lower assets liabilities ratio,the shorter periods of time and the less investment for R&D will have the higher import intensity;5.For foreign investment export enterprises,there exist reverse U-shape relationship between export intensity and the enterprise performance.On the basis of the model,the paper also offered the optimum export intensity 75.47% which can create the greatest achievement.In addition,the performance of export-oriented foreign-funded enterprises is better than foreign enterprises belong to the mode of opening up markets.For foreign investment import enterprises,there are remarkable negative relevant relations between import intensity and the enterprise performance.The performance of those enterprises which basically purchase raw materials and equipment from China is better than import-oriented foreign-funded enterprises.Based on the above conclusions,this paper puts forward corresponding policy recommendations.