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Foreign Direct Investment and the Chinese Economy

A Critical Assessment

Chunlai Chen

Foreign Direct Investment and the Chinese Economy provides a comprehensive overview of the impact of foreign direct investment, with extensive empirical evidence, on the Chinese economy over the last three and a half decades.
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Chapter 7: Conclusion and policy implications

A Critical Assessment

Chunlai Chen

Extract

Foreign direct investment in China provides a valuable opportunity for both a theoretical study and an empirical analysis of the impacts of FDI on the economies of developing host countries in general and on China’s economy in particular. This study, as set out in Chapter 1, has analysed the impacts of FDI on regional economic growth, income inequality and urbanization development in China over the past three and a half decades. The results obtained from this study have provided considerable insights into the general issues of the impacts of FDI on developing countries which are hosts to FDI. In particular, the study has extended our knowledge of the impacts of FDI on China’s economy in three main aspects. First, and most importantly, it has allowed us to obtain a deeper understanding of the roles of FDI in China’s regional economic growth by investigating the contribution of FDI to host provinces’ economic growth directly through capital input and technological progress and indirectly through knowledge spillovers to the local economy; it has also indicated the interregional impacts of FDI, in particular FDI in coastal provinces, on the economic growth of inland provinces. The study has provided improved knowledge of the impacts of FDI on income inequality in China by investigating the impacts of FDI on host provinces’ urban–rural income inequality; the study has also granted insights into the interregional impact of FDI, with particular emphasis on the interregional impact of FDI in coastal provinces, on the urban–rural income inequality of...

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