Foreign Direct Investment in China: Challenges and Prospects for Regional Development (China in the Global Economy)

Annotation Beginning in 2000, the Chinese government launched the "Western Development Strategy" to foster the regional development of the inland regions and actively sought foreign investment to support the effort. This collection of papers presented at an October 2001 conference reviews regional patterns of foreign direct investment (FDI) inflows in China, outlines investment requirements, compares the advantages of China's regions, and details the types of FDI sought for the Chinese hinterland. Lessons learned from the experiences of Canada, Turkey, Germany, and Brazil are discussed. There is no subject index. Annotation copyrighted by Book News, Inc., Portland, OR. Read more... Foreword by Seiichi Kondo -- Preface by Long Yongtu -- Introduction by Marino Baldi -- Chapter I. Setting the Scene -- Main Issues on Foreign Direct Investment in China's Regional Development: Prospects and Policy Challenges by Markus Taube and Mehmet Ogutcu -- The New Regional Patterns of FDI Inflow in China: Policy Orientation and Expected Performance by Jiang Xiaojuan -- Business Perspective: Why Did We Invest in China? by Robert T. Dencher -- Advantages and Investment Requirements in China's Western Region: The Particular Case of Lanzhou by Liu Yajun -- What Type of Investment for the Chinese Hinterland? by Peter Kreutzberger -- Challenges for FDI in China's Regional Development: Japanese Perspective by Hiroshi Matsumura and Akira Izumo -- Competitive Investment Environment, Rule of Law, and Recipe for Success by Ann B. McConnell -- China's Foreign Investment and Regional Development Strategy: Improving Comparative Advantages and Overcoming Impediments by Liu Yong -- Chapter II. International Chinese Experiences -- F-oreign Direct Investment and Regional Development: Experience of OECD Regions and Prospects for China by Bernard Hugonnier -- Foreign Direct Investment and Regional Development in Southeastern Turkey by I. H. Olcay Unver -- Candian Experience with Foriegn Direct Investment and Regional Development by Jeff Nankivell -- Lessons from Brazil's Regional Development Policies by Alfredo Lopes Neto -- Experiences of China's Coastal Region in FDI Attraction and Lessons for Central and Western Regions by Ma Yu -- Chapter III. Investment Promotion and Local Enterprise Development -- Improving Investment in Western China by Andrew Proctor -- Best Practice Guidelines for Investment Promotion: Relevance to China by David Banks -- The Experience of Promoting Foreign Investment in Saxony, Germany: It's All About People by Guenter Metzger -- Foreign Investment Promotion in Shanghai: Lessons for Central and Western China by Chen Kianping -- Industrial Districts: An Italian Perspective by Vincenzo Del Monaco -- Township Enterprises in China and FDI by Zhang Tianzuo -- Regional Development and Sustainable Investment: The Case for a Regional Multi-Stakeholders Forum and Observatory in West China by Philippe Bergeron -- Foreign Direct Investment and Importanceof the "Go West" Strategy in China's Energy Sector by Mehmet Ogutcu -- Synthesis of Discussions and Conclusions -- Synthesis of Discussions -- Conclusions and Policy Messages by Rainer Geiger and Liu Zuozhang -- Annex I. Author Biographies -- Annex II. Participants List. Globalization is increasingly testing the ability of regional economies to adapt and maintain their competitive edge. This is particularly true in China, where the inland regions which lag behind in infrastructure and private investment face daunting challenges if they are to catch up with the prosperous coastal belt. In January 2000, the Chinese government launched the "Western Development Strategy" to foster the regional development of the inland regions. Foreign investment is actively sought to support this ambitious effort and the authorities are acutely aware of the need to improve the business environment for domestic and foreign investors alike. The OECD is particularly well-placed to share the experiences and expertise of its member countries in investment policy practices, investment promotion and regional development policies. This book provides a selection of papers presented at the Foreign Direct Investment in China's Regional Development Conference, organised in Xian on 11-12 October 2001 at the request of the Chinese Ministry of Foreign Trade and Economic Co-operation. The book reviews regional patterns of FDI inflows in China, investment requirements, opportunities in and comparative advantages of China's regions, and details the types of FDI sought for the Chinese hinterland. It offers business perspectives with regard to what needs to be done. Lessons learned from experiences in Canada, Turkey, Germany and Brazil are discussed, with a particular focus on investment promotion and linkages with local enterprise development. The book concludes with policy messages relevant not only to China, but also to other countries striving to improve conditions for investment in their less-developed regions.--Publisher abstract