The Influence of American Companies' Investment in China's Manufacturing Industry Market
Liu Yongfeng1, Liu Yongyan2
1.Transport Planning and Research Institute of Ministry of Transport,Beijing 100028,China; 2.General office of Ministry of Science and Technology,Beijing 100862,China
Abstract：Manufacturing is one of these industries with high degree of openness and one of main areas to attract foreign direct investment in China.American manufacturing companies have a series of advanced features,such as sufficient capital,leading technology and experienced management,which has quite important impacts on China's manufacturing industry.This paper comprehensively introduced the investment situation of American companies in China's manufacturing industry market,and then quantitatively analyzed the influence of American companies' investment on China's manufacturing industry market by using the ECM model.The results showed that American companies' investment had a positive impact on the growth of China's manufacturing industry,and the influent coefficient was 0.074.In addition,the interaction coefficient of American companies' investment and the China-US trade of manufactured products showed that American companies' investment could enhance the role of the trade of China-US manufactured products in the growth of China's manufacturing industry.This paper also deeply analyzed the mechanism how American companies' investment affected China's manufacturing industry market by using industrial competitiveness model and gave some explanations for the changes of American companies' investment:the changes of value chain division and income distribution,market position and regulatory environment and the interests of home and host countries.
刘勇凤, 刘勇燕. 中国制造业市场上美国企业的投资影响[J]. 中国科技论坛, 2018(3): 29-38.
Liu Yongfeng, Liu Yongyan. The Influence of American Companies' Investment in China's Manufacturing Industry Market. , 2018(3): 29-38.
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