Foreign direct investment in China: Policy,recent trend and impact 1

One of the most important elements of China's economic reform has been the promotion of foreign direct investment (FDI) inflow. Government polices on FDI have gone through different stages in their main objectives since the late‐1970s, from gradually opening to foreign investors, to actively encouraging inward investment, directing FDI in accordance with domestic industrial restructuring, and complying with China's World Trade Organization (WTO) obligations. FDI in China has experienced rapid growth especially since the mid‐1990s, as well as structural change. Most of the earlier investments were small scale, labor‐intensive and export‐oriented. In recent years, more investment has been large scale and more capital and technology intensive, aiming at both domestic and export markets. Moreover, increasingly more investment has come from the industrial world, and has located along the eastern coastal regions, in additional to the two southeastern provinces. FDI has played a crucial role in China's rapid growth, economic transition, and, mostly importantly, integration with the world. China's recent accession to the WTO provides more incentives to foreign investors. At the same time, it will also result in more intense competition for domestic firms.     

资产规模、覆盖率与替代率:国际视野的我国企业年金现状

我国的企业年金制度已有10余年历史,但整体水平仍相对滞后。无论是从资产规模、覆盖率和替代率,还是从税收优惠政策来看,我国企业年金的发展与OECD国家相比还存在较大差距。加快建设企业年金,应扩大覆盖面,促进集合年金和职业年金的发展;提高替代率,完善企业年金的税收优惠政策。     

发达国家居民住房租赁市场的经验及借鉴——以德国、日本、美国为例

成熟的住房租赁市场,不仅可以有效提高居民消费率,而且能够实现居民买房和租房的效用均衡,减缓房价上涨对宏观经济的冲击。本文分析总结了德国、美国、日本等主要发达国家居民住房租赁市场的发展和管制经验,并从法律保障、开拓房源、保护承租人利益、发放租金补贴等方面发展我国的住房租赁市场提出了政策建议。