Analysis of “virtual FDI” and countermeasures-with special reference to the case of China
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| Dokumentumtípus: | Diplomadolgozat |
| Kulcsszavak: | business enterprises economics international cooperation investment tax |
| Online Access: | http://dolgozattar.uni-bge.hu/38576 |
| Kivonat: | Influenced by the global economic environment, many businessmen choose to explore overseas markets in order to seek more profits. Since China's reform and opening up, the government has implemented a series of preferential policies and measures to improve the investment environment and encourage foreign investors to invest in China. China has made remarkable achievements in utilizing foreign capital. By the end of 2005, China had approved and signed 552942 contracts for the utilization of foreign direct investment, with an agreed FDI of 1285.6 billion US dollars, an actual FDI of 622.4 billion US dollars, and a stock of more than 270 billion US dollars. China's outward foreign direct investment (FDI) in 2020 hit $153.71 billion, increasing 12.3 percent year-on-year and ranking the first place worldwide for the first time ever, according to a report released by China's Ministry of Commerce, the National Bureau of Statistics and the State Administration of Foreign Exchange. (Antalóczy&Sass,2014) However, there are many problems in the utilization of foreign capital, some of which are even more serious. Among them, the "virtual foreign capital" formed by domestic capital flowing out of the home country; partly through informal channels, obtaining the status of foreign capital, and then returning to domestic investment. Some flow from some low tax countries to other countries, which makes the FDI data cannot really reflect the situation., which leads to the fact that FDI data cannot truly reflect the situation. In recent years, there have been many virtual FDI problems, and their development has become increasingly fierce. So, what is the status quo and performance of virtual FDI? What is the background and reason of its emergence? What effect does it bring to our country's utilization of foreign capital and even the whole economy? In the face of the increasingly rampant virtual FDI, what countermeasures should we take to prevent and control, so as to ensure the healthy development of the use of foreign capital, this paper tries to discuss it. |
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