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This book focuses on China's fast-growing outward foreign direct
investment (ODI) and discusses the underlying causes and profound
effects of Chinese enterprises' "going global." The book includes
eight chapters to analyze the basic characteristics of China's ODI
manufacturing enterprises, examine the relationship between
enterprise productivity and ODI, investigate the differences
between state-owned enterprises and private enterprises in factor
market, enterprise ownership and investment, analyze the overall
effect of the foreign direct investment (FDI) and thereby the
China-US bilateral investment treaties (BIT) on Chinese
manufacturing sector in terms of productivity and profitability of
the firms. The last chapter provides an overview of China's three
stages of economic reform and opening-up policy in the past four
decades, and analyzes the reasons for China's realization of the
splendid economic achievements within such a short time and the
main driving forces of China's incremental international trade in
different stages, and discusses the future tasks that would promote
the country into a new stage of all-round opening-up. The book aims
to illustrate the evolution of China's opening-up design during the
past decades and discuss several most important measures to build
an all-around opening-up strategy. Based on these profound
analyses, the book provides further policy implication for the
sustainable development of China's opening-up.
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