This book puts forward an institutional explanation of the recent
dynamics of foreign direct investment (FDI) in China. It argues
that the concentration of FDI in the Chinese manufacturing economy
since the beginning of this century is largely the result of
China's entrepreneurial urban growth strategy, which was in turn
motivated by the overall political and fiscal structures of China
and was facilitated by urban land use under the manipulation of
municipalities. By identifying the interactions between
cross-border capital flow, national regulations and local
responses, this book not only provides a fresh understanding of
China's FDI pattern from an urban perspective that has been rare
among publications on similar topics, but also sheds light on the
drivers underlying China's rapid economic growth and its
implications for sustainable development. It also stands as a
useful reference for other countries and regions that plan to
launch their own state-led development projects.
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