Read e-book online China: Progress & Reform Challenges (OECD Investment and PDF

By Organization for Economic Co-operation and Development

ISBN-10: 9264101950

ISBN-13: 9789264101951

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Extra resources for China: Progress & Reform Challenges (OECD Investment and Policy Reviews)

Example text

In 1979, trade consisted largely of bulk commodities and relatively simple products such as textiles and bicycles. 7 billion (Annex II, Table 2). The bulk of these flows came from Hong Kong (China), sourced either in the territory itself or in the global Chinese diaspora – and some had also started to come from China itself (so-called “round-tripping”). In 1986-1990, for example, Hong Kong (China) and Macao (China) were cited as the combined source of 62 per cent of realised annual FDI (almost all of this was from or via Hong Kong (China), with Macao (China) providing a relatively tiny additional amount), while Japan provided CHINA: PROGRESS AND POLICY REVIEWS – ISBN 92-64-10195-0 – © OECD 2003 33 2.

A major result of autarky was that a wide range of consumer goods common in the rest of the world was not available in China. While the mass media remained closed to outside influences, this disparity was only evident to the few officials who travelled abroad and those in contact with foreign residents in China. Once the media started to open to the outside world in the late 1970s it became apparent to the majority of the population and in the following decade a widespread “demonstration effect” was detectable in consumption patterns.

Foreign direct investment statistics of China Official foreign direct investment statistics for China are regularly disseminated by MOFCOM in an annual publication, Statistics on FDI in China. The same data are integrated into the statistical systems of other national agencies such as the National Bureau of Statistics (NBS) and the State Administration of Foreign Exchange (SAFE). MOFCOM FDI statistics focus on FDI inflows, as China is a major recipient of foreign investment. Limited information is also available on investments by Chinese entities abroad.

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China: Progress & Reform Challenges (OECD Investment and Policy Reviews) by Organization for Economic Co-operation and Development

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