国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

   

China reviews foreign capital use

(Xinhua)
Updated: 2008-03-24 15:58

According to Piao Jianyi, a researcher at the Chinese Academy of Social Sciences, "95 percent of Korea-funded enterprises in China are labor-intensive and energy-consuming industries with low technology." Piao said that these sunset industries couldn't survive in the ROK and moved to China to keep going. Now, they're on the move again.

Cho Hak Rae of Cuckoo Electronics, based in the ROK, said his company had been losing money in China since 2004. The parent company originally planned to build some support facilities and an institute to accompany its manufacturing facilities. But due to the changing investment environment, the planned investment will go into lower-cost Southeast Asian countries.

Welcome mat withdrawn for low-tech

At the dawn of China's opening-door era, in 1978, foreign investment was badly needed for economic development. A series of favorable policies, including taxes and land, were provided to attract foreign investors. The sunset industries left the ROK for China, where they could boost profit margins. They had no incentive to improve their management or innovate. They're vulnerable in a changing investment environment, Piao added.

"The prices of all factors of production will increase for a long time to come," said Sang Baichuan, a professor at the Foreign Economic and Trade University. He added that cheap labor and land prices hindered the upgrading of industries.

China wants to move up the industrial ladder, Sang said, and it's not surprising that sunset industries will move to less-developed countries. Foreign investment in China will face a structural change, Sang said.

In its latest brochure for prospective foreign investors, issued in 2007 by the Ministry of Commerce, foreign enterprises are not encouraged to go into traditional manufacturing and export-oriented industries.

And foreign investment direct investment (FDI) in China is measurably changing. The National Bureau of Statistics said that FDI in actual use reached $11.2 billion in January, up 109 percent year-on-year.

However, the number of new foreign enterprises has been declining. In January, 2,918 new foreign-funded enterprises were set up, a 13.41 percent decrease from a year earlier. More money invested by fewer firms means that the average investment of each enterprise has increased.

"We should focus on the outflow effect and internal innovation when utilizing FDI," said Sang. "The structural adjustment will adapt to the needs of times."

 


(For more biz stories, please visit Industry Updates)

   1 2 3 4   


Related Stories  
怀安县| 横山县| 探索| 鄯善县| 三江| 仲巴县| 永福县| 武平县| 陈巴尔虎旗| 彭州市| 连江县| 隆化县| 正安县| 舒城县| 康乐县| 夏津县| 耿马| 平南县| 林口县| 金塔县| 闽清县| 玉门市| 万安县| 深水埗区| 云梦县| 崇礼县| 樟树市| 彝良县| 武川县| 内江市| 鸡泽县| 梁山县| 呈贡县| 手游| 厦门市| 东兰县| 嘉义县| 辽中县| 孟州市| 犍为县| 横山县|