China''s Foreign Direct Investment and Foreign Trade in the 1990s: Shenzhen Case Study

• Main Authors: Hua, Shih-chie, 華士傑
• Other Authors: 翁永和
• Format: Others
• Language: zh-TW
• Published: 2003
• Online Access: http://ndltd.ncl.edu.tw/handle/70581044727615652014

碩士 === 國立政治大學 === 行政管理碩士學程 === 91 === Abstract Shenzhen（深圳） is one of the fast-growing cities in China since 1980. Combined with phenomenal foreign trade volume and robust foreign direct investment（FDI）influx, Shenzhen becomes an icon of economical development through the 80’s and 90’s, not only for China as a developing country but also for the transitional economies in formal socialist central-planning states. Starting from a Special Economical Zone focusing on export, Shenzhen gradually develops its competitive advantage in exporting hi-tect products other than comparative advantage in usual processing and assembly trade in the 90’s. It is main purpose of this thesis to bring closer how fundamental institutional changes can stimulate sound policies in sustaining Shenzhen as a preferable investing cite for transnational companies. The findings confirm the product and investment cycle theory do hold to a certain extent. Although trade records show signs of intra-industry trade, it needs further evidence to vindicate Shenzhen as a locus of investment due to vertical production process. This thesis also shows that foreign own enterprises clustering in Shenzhen may enjoy economy of scale in expending trade and competitiveness. By comparing Shenzhen , Beijing（北京）, Shanghai（上海） and Suzhou（蘇州）, this thesis finds evidence that other things being equal, Shenzhen has been ahead of other cities in terms of attracting FDI and transferring it to export through the 90’s. Shenzhen also leads other cities in hi-tect production and export volume measured by workers employed. These facts reveal that Shenzhen remains competitive despite FDI has been moving northward in the 90’s. Shenzhen stands firm meeting the challenge coming from China’s accession to the World Trade Organization, knowing that preferential treatments once giving to this Special Economical Zone were removed. Shenzhen is unique in the study of interaction between FDI and foreign trade. It not only concerns investing countries but China as a home country. It not only shifts levels of analysis from firms and industries but governance emanating from the Chinese government. It not only requires knowledge about broad social-economical background but technique in presenting tables and figures. This thesis employs an integrated framework and suggests that data collection, classification and explication shall modify according to the interest and focus of study per se, bearing in mind that the interaction between FDI and foreign trade stays the focal point.