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- W2348839340 abstract "It has now become the biggest obstacle of accelerating transformation of economic development to absorb foreign capital investment.The severe manage of foreign capital for China's is enumerated as the following.Absorbing foreign capital investment is the chief offender that makes China fall deeply into the snare of American dollar,and forces Renminbi appreciate;also,it evokes serious inflation at home,makes China's self expropriated;it is really a large drag on domestic demand' industry and domestic economy,and will finally make constructing innovation-oriented country crumbled to dust;it has been a great power for rent-seeking and creating huge comprador interest groups to interfere China's internal affairs;it speeds up the course of monopolizing and governing China's through controlling industrial value chain,then becomes into the creator to lead to polarization of income distribution and invisible killer to undermine harmonious society,it also plays a main factor of creating China's economic bubble by grabbing national enterprises' investment space.Not only has the foreign capital intensified the damage of ecological environment,and it has pillaged natural resources and financial assets of our country using direct investment and financial liberalization as well,ultimately it will give rise to a horror vision: when China managed to protects its native market,but foreign owned enterprises would chiefly be protected,the situation which foreign funs govern China's will be permanent.The paper is to describe that so called lack of funds,transferring technology,butting in China's economy as the reasons of absorbing foreign capital proved false,these opinions mislead and cause harm to the country and the people,foreign capital brings nothing but harm to China's economy.As to accelerating transformation of economic development,China must stop absorbing foreign capital and buy-back foreign owned enterprises;for the foreign owned enterprises that have not been bought back,the central and local governments should actively take various policy measures to make them serve China's transformation of economic development." @default.
- W2348839340 created "2016-06-24" @default.
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- W2348839340 date "2011-01-01" @default.
- W2348839340 modified "2023-09-26" @default.
- W2348839340 title "Severe Damage of Absorbing Foreign Capital Must Be Correctly Observed in Accelerating Transformation of Economic Development" @default.
- W2348839340 hasPublicationYear "2011" @default.
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