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.
