@inbook{d19c1afbe5024446a4109233cf0207c4,
title = "Foreign Direct Investment In People{\textquoteright}s Republic of China: An In-Depth Analysis of Trends, Policies, and Implications",
abstract = "Reforms of China{\textquoteright}s economic system initiated in 1979 are gradually turning a planned economy into a socialist market economy with rapid absorption of foreign capital, technology and management know-how. The gross national product of PRC has increased from US $25 billion in 1979 to US $691 billion in 1995. By the end of 1996, China approved 283,300 foreign-funded projects valued at US $469.1 billion out of which some 130,000 projects with US $175.5 billion foreign capital were implemented. The foreign funded projects created employment for over 18 million people and accounted for 14.5 percent of GNP and more than one-third of China{\textquoteright}s foreign trade. The services sector that contributed only 20.6 percent of gross national product in 1979 has gradually increased its share to nearly one-third (32.9 percent) by the end of 1993.What is the nature of foreign direct investment in PRC? Do these foreign funded projects have any geographic preference for locations in the PRC? In what type of industries are foreigners investing? What is the origin of these foreign funded projects? What is the outlook for the role of the services sector in the PRC? These and related issues are explored with an in-depth analysis of trends, government policies, and potential implications.",
author = "Naidu, {G. M.} and Zhao Xiodi and Chan, {Allan K.K.}",
note = "Publisher Copyright: {\textcopyright} 2015, Academy of Marketing Science.",
year = "2015",
doi = "10.1007/978-3-319-17320-7_58",
language = "English",
isbn = "9783319173191",
series = "Developments in Marketing Science: Proceedings of the Academy of Marketing Science",
publisher = "Springer Nature",
pages = "222--223",
editor = "Sidin, {Samsinar MD} and Manrai, {Ajay K.}",
booktitle = "Developments in Marketing Science",
address = "Germany",
}
