Why is China so Attractive for FDI? : The Role of Exchange Rates

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概要

• 論文の詳細を見る

• This paper argues that China's exchange policy plays a critical role in its FDI boom. Yuan's devaluation and the pegging yuan to the dollar policy not only offset the pressure of rising real wage due to sustained economic growth in the last two decades, but also improved China's competitiveness in attracting global FDI. Examining the hypothesis in the context of Japanese FDI in China's nine manufacturing sectors from 1981 to 2001, the paper finds a strong correlation between Japanese direct investment in China and the real bilateral exchange rate between yen and yuan. Empirical evidences strongly suggest that China's exchange rate policy is one of critical factors driving FDI into China.

• 国際大学の論文

著者

• Xing Yuqing

  Associate Professor International Development Program Graduate School Of International Relations Int

関連論文

• THE IMPACT OF REAL EXCHANGE RATES ON JAPANESE DIRECT INVESTMENT IN CHINA' S MANUFACTURING : AN EMPIRICAL ASSESSMENT
• Why is China so Attractive for FDI? : The Role of Exchange Rates
• Reverse Imports, Foreign Direct Investment and Exchange Rates
• Currency Devaluation and Global Outsourcing

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