ed hardy t-shirt Savings surplus , foreign exchang

Savings surplus, foreign exchange earnings, Why China is still large-scale introduction of foreign capital


Expansion theory, enterprises, Bu direct investment should be funded from their own country) is already in or will be at a comparative disadvantage industry (also known as the marginal industrial) sector in turn. Although these industries at a comparative disadvantage in the investment in the country,ed hardy t-shirt, but in the host country, the industry's comparative advantage is in the making. This theory can well explain the developed countries to resource-intensive and labor-intensive industries to developing countries of the phenomenon. Preferential terms distortions in resource prices in the two-gap after 2011 is no shortage of articles dT, the reason why foreign investors will still be poured into, from an integrated perspective of supply and demand, because of the demand side of the subjective and objective conditions remain the supply side of his mouth, the interests of contract demands, This is reflected in the following three aspects: First, a number of concessions by the price distortions caused by the resources fit the needs of foreign industrial transfer. The resources here include not only natural resources,ed hardy bags, including labor, land and environmental resources. For a long time, China's resources prices under government control, is significantly lower, water, electricity, oil, gas and other prices significantly lower than the international average. At the same time,abercrombie uk, due to lack of effective organization of labor and protection, weak bargaining power over the years its growth rate is far below the price GDP growth. For local governments, the main foreign capital, the number of foreign investment has become the place is now almost a sign of openness, evaluation has become an indicator of local government officials. In order to attract more foreign investment, local governments compete to formulate preferential policies, in addition to tax concessions and exemptions, the administrative power to farmers low-cost land, low prices and then sell the land to do development zone has become a local government investment common practice. Faced with such a low resource prices, some developed countries years ago, the rain began Wo readiness to stay, to develop high-tech, high value-added emerging industries and the opportunity to achieve industrial upgrading, while those with high energy consumption, high material consumption, high pollution,ed hardy bikini, labor-intensive sunset industries to developing countries. Second, the low level of development caused by the scarcity of quality projects fit with the foreign product replacement needs. In fact, in many cases is not lack of domestic capital, foreign investment funds for economic development is the introduction of so much as it is the introduction of high-quality projects. But out of self-interest, foreign technology can not provide the most advanced technology, China can only act as a follower and not go beyond the technical person at the same time, foreign investment on China's technological progress have a positive impact in the end how much are also worthy of further study. In addition, the financial system to support the financing of domestic enterprises inefficient foreign exchange market arbitrage is imperfect fit with the needs. Involved in the investment process from financial point of view, can be found on the corporate finance to support the financial system's inefficiencies and imperfections in the foreign exchange market to foreign investment provides a huge space. Banks as financial intermediaries, need to have found the ability to find and evaluate the entrepreneur, has been produced to the advantage of the ability of enterprises to provide financial support. In this regard, China's commercial banks, while having the left foot Gen strong savings mobilization, but in the loan project evaluation and selection, and then select the objects on loan, but may or may not be reasonable. Although China's capital market after years of development have made significant progress,abercrombie and fitch coupons, but overall still not a standard, perfect market, thereby reducing the capital market support for direct financing of enterprises and the efficiency of domestic savings into investment level. Worth - mentioning is that the current foreign exchange market, the yuan, This can be clearly anticipated changes in exchange rates will attract more international way of speculative capital flows, access to risk-free arbitrage opportunities, thus further increasing international imbalances, resulting in excess liquidity. This is the # l-~ r-market imperfections caused by foreign investment, another important reason. Incentives need to break from the above analysis, it should be from the following four aspects: First, the phasing out all kinds of preferential policies for foreign investment, to break the invisible barriers that prevent capital flows, reasonable and equal treatment of all types of funds flow, so that the inner foreign investors can compete on equal footing. Second, break the resources in the production of administrative monopoly, straighten out the various resources of the domestic pricing mechanism to reflect the true scarcity price, while increasing the protection of labor rights Third, improve the ability of independent innovation of domestic enterprises, encourage their development and production of a truly meet the needs of the people the reality and potential of high-quality products. Fourth, the deepening of China's financial system, strengthen the investment and financing system, improving the financial system into domestic savings for domestic investment efficiency. Speed ​​up the # I'VE management system,abercrombie sale, take measures to meet the various stakeholders demand for foreign exchange. o (The author is financial management)

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