Re: [Marxism] China's growth accelerates in Q2

[Marv Gandall <marvgandall@xxxxxxxxxxxx>]

Shane Mage writes:
>
> On Jul 18, 2009, at 8:18 AM, S. Artesian wrote:
>>
>> Of course the stats refer to FIE's-- that's what FDI is-- of which
>> there can
>> be various types,
>
> A question:  how do these statistics treat "overseas" Chinese
> investment?  Taiwanese investment?  HongKong investment?
==============================================
My own understanding is that, despite the well-publicized and substantial 
presence of the world's big multinationals in China, the bulk of FDI is in 
small- and medium-sized enterprises, much of which originates from China's 
"near abroad" in Taiwan, Hong Kong, and Singapore. It is reportedly fairly 
easy for mainland entrepreneurs, especially those with family or other 
connections, to set up or partner small or shell companies across the 
straits to send their capital back into the special economic zones at the 
preferential rate.

This would certainly be  more consistent with the view, reported in the 
financial press almost daily, that - far from Chinese economy being 
thoroughly dominated by foreign capital - there are large and growing 
national champions in strategic sectors which are beginning to take market 
share from the established multinationals or partnering with them to expand 
at home and abroad. 


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