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Essay / Foreign direct investment in China - 1419
Foreign direct investment in China1.0 IntroductionI found this article “Foreign direct investment: companies are rushing with the money” on the Financial Times website (www.FT. com) published on December 11. , 2002 written by John Thornhill. The reason I chose this article is my personal interest in the Chinese economy and its attractiveness to foreign investors. Apart from foreign direct investment, this topic also helped me understand the impact of the Chinese economy on the global market. China, land of the giant panda, has also become the land of numbers and achievements. Official figures show that China's economy is the fourth largest in the world in terms of nominal GDP and is expected to overtake Germany for third place in early 2008.2.0 SummaryChina has come a very long way over the past 25 years. years. China has grown at almost 10% per year over the past 20 years. China's explosion on the global stage of investment, production and trade is a product of its size, growth and openness. This is leading to enormous changes in the global economy. China has become the second largest recipient of foreign direct investment in the world and the largest recipient among developing countries. Since 1978, foreign direct investment has flowed into the country. In 2002, China became the first country in a long time to attract more foreign direct investment in a year than the United States (bringing in US$53.2 billion while US$52.7 billion flowed to the UNITED STATES). Foreign direct investment has played a vital role. in the transformation of China's economy in China, with the contracted value increasing from 52.1 billion US dollars (1998) to 115.1 billion US dollars (2003). The full word Foreign Direct Investment, then in parentheses he put the abbreviation (FDI). The article also provides insight into foreign companies that misjudge Chinese culture, competition, market size and some other factors, which have been seriously affected. by investing in China. The writer gave a name to the reference work in the article “The china dream” by Joe Studwell. He also gave the example of Dupont, an American investment company in China, to make the article easy to understand. Weaknesses of the article are some generalization, difficult language, some business jargons like cost competitiveness, state-owned enterprises, etc. The main weakness In the article, the author may use graphs or tables to elaborate facts and figures.5.0 Referenceswww.ft.comwww.bbc.comwww.cbcnews.comwww.oecd.orgwww.chinafdi.org.cn