社会经济回顾外文翻译.doc

社会经济回顾外文翻译 外文翻译 原文 Socio-Economic Review Material Source: Socio-Economic Review 2006 41:35-6 Author: The World Bank China has been very successful in attracting Foreign Direct Investment FDI. Attracted by the country’s relatively good investment climate and low wages, and more recently by its growing domestic market, China received about a quarter of all FDI to developing countries over the last 10 years, and a record $60 billion in 2004, some 9.9 percents of the total FDI.In terms of share of GDP and investment, FDI made less of a contribution, with some 11 percent of such as Hungary, Czech Republic, Viet Nam and Singapore.Also as a share of GDP, China is not among the last five years; lower than countries such as Hungary, Czech Republic, Viet Nam and Singapore.Also as a share of GDP, China is not among the top receives of FDI. Moreover, it is estimated that some 20 to 30 percent of FDI is not genuine FDI, but rather domestic investment rerouted through foreign countries to benefit from the special treatment foreign investment receives in terms of taxes and investment policies. Clearly, FDI has had many benefits for China.FDI accelerated growth by providing more investment capital, contributed significantly to the country’s export success with over 57 percent of exports from foreign invested firms, and generated over 120 million jobs.Foreign-invested firms generally have more value added per worker, higher labor productivity, and higher profits than domestic firms.Evidence on technology spillers is more limited, but industries with higher FDI seem to have higher productivity increases than other industries, suggesting a positive spillover. The benefits of FDI are unevenly spread across China’s provinces.The coastal provinces have benefited in particular from the FDI flows, taking in almost 90 percent of total FDI, whereas the western provinces received less than 2 percent in 2004, despite the government’s policies to encourage investme