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OECD Investment Policy Reviews: China 2003 : Progress and Reform Challenges / Organisation for Economic Co-operation and Development
- Format:
- Book
- Government document
- Author/Creator:
- Organisation for Economic Co-operation and Development.
- Series:
- OECD Investment Policy Reviews, 19900910.
- Language:
- English
- Subjects (All):
- Investments, Foreign--China.
- China, People’s Republic.
- Local Subjects:
- Investments, Foreign--China.
- China, People’s Republic.
- Physical Description:
- 1 online resource (242 p.)
- Place of Publication:
- Paris : OECD Publishing, 2003.
- Language Note:
- English
- Summary:
- China has become one of the world's leading destinations for foreign direct investment (FDI) since the Chinese government opted to reform the economy and open it to foreign trade and investment. Inflows of FDI, which accelerated at the time of China's accession to the WTO in 2001, have been an important factor in promoting rapid economic growth and technological progress. However, there remains substantial potential for a greater inflow of long-term, high-technology, high-value-added FDI from OECD countries. This study records and evaluates the development so far of an enabling environment for FDI and suggests policy options designed to improve it further. Foreign investors were initially attracted to China by cheap land and labour, the promise of a large market and, to some extent, by fiscal incentives. To sustain and increase large-scale FDI inflows, it is now necessary to move towards a more strongly rules-based attraction strategy, based on structural elements which will include a sound legal system, transparent laws and regulations, streamlined investment approval procedures, good corporate governance, effective competition policy and a sound financial system.
- Contents:
- Annexes
- Bilateral Investment Treaties
- The Legal System and FDI
- The Tax Treatment of FDI in China
- The Evolving Competitive Environment for FDI
- The Role of FDI in China's Economic Development
- Overview of Progress and Policy Challenges
- The Regulatory Framework for FDI in China
- Preface.
- Notes:
- Description based upon print version of record.
- ISBN:
- 1-280-17010-7
- 9786610170104
- 92-64-10197-7
- OCLC:
- 64597608
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