Chinas Economic Reform - 1564 Words

China’s economic reform has attracted worldwide attention. From the early stage of mainly export-oriented industries with cheaper labour costs to more recent foreign investments aiming to tap the huge domestic market, China, especially eastern region has gradually opened up to the rest of the world. While this research study is not only of vital importance to China, but also meaningful to the FDI development efforts to the individual regions in other countries. This research provides the empirical evidence that GDP which proxies for the market size was a great attraction power for FDI in China. The labour quality and the level of infrastructure are positively connected with the FDI growth and become crucial determinants of the FDI distribution in eastern China.Besides,the degree of openness and labour costs show the negative relevance to the FDI in The twenty-first century is a century of intellectual competition; thus the human capital of knowledge, intelligence and labour quality will surely be crucial factors relative to FDI. Past studies (Bhagwati and Srinivasan, 1983; Sun et al., 2002)also found a correlation between the level of labour quality and FDI. The development of labour quality is a key point to both export-oriented FDI and market-seeking FDI. But on the Chinese mainland, for every 100,000 people, there are only 3,611 who have received a higher education and 11,146 ones who have received a secondary school education. 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