Title Page
Contents
I. Introduction 9
II. FDI Theory 12
1. FDI Theories 12
1-1. Monopolistic Advantage Theory 12
1-2. Transaction cost Theory 13
1-3. The Theory of Internalization 20
1-4. International Product Life Cycle Theory 21
1-5. The Theory of Comparative Advantage 24
2. Empirical Research on FDI 26
2-1. Foreign empirical research 26
2-2. Chinese empirical research 28
III. Analysis of Xinjiang's Current FDI Situation 31
1. Development History of FDI in Xinjiang 31
2. Current FDI utilization situation in China 32
3. Current FDI utilization situation in Xinjiang 39
3-1. Total FDI amount increased but overall sale remained small 39
3-2. Investment fields keep broadening and structure of foreign-funded enterprisesfurther optimized 42
3-3. Foreign Investment Highly Centralized in Economically Developed Areas in Northeast Xinjiang Headed by Urumchi 47
3-4. Foreign-funded Enterprises Mainly are Joint Ventures with Diversified Investment Subjects 48
4. Analysis of Effect of FDI on Xinjiang's Economy 56
4-1. Foreign direct investment has deepened Xinjiang's economic exchanges and cooperation with the world, which is beneficial to enterprises 56
4-2. Foreign direct investment has promoted the optimization and upgrading of the industrial structure and composition of export commodity in Xinjiang 60
4-3. Foreign direct investment has boosted construction of the economic and technical development zone 63
5. The development tendency of FDI on Xin jiang 66
5-1. about the change of gross 66
5-2. the change of FDI sourse 67
5-3. the change of investment style 67
5-4. the change of industry constitude 67
IV. Strategies 69
1. Goverment strategies 69
1-1. Adopt preferential policies 69
1-2. Make the central cities play the leading role 70
1-3. Focusing on attracting high-quality investment from multinational corporations 71
2. Enterprise strategies 72
2-1. Build the characteristic industries into advantageous industries 72
2-2. Issue bonds and implement diversified financing strategy 74
3. Other strategies 76
3-1. Target the Central Asian market 76
3-2. Accelerate the shape of characteristic industries 79
V. Conclusions 82
References 87
국문초록 91
〈Table 1〉 Basic Conditions of Direct Investment in China by Foreign Countries and Compatriots from Hongkong, Macao and Taiwan 37
〈Table 2〉 FDI in middle, east, west area in 2008 41
〈Table 3〉 Industry distribution of FDI on western districts (1997-2006) 44
〈Table 4〉 Industry distribution of FDI on western districts (2006) 46
〈Table 5〉 Conditions of Foreign Direct Investment Used by Prefecture, Autonomous Prefecture and City 47
〈Table 6〉 FDI Usage of the Western Area 1998-2006 50
〈Table 7〉 FDI Usage of the Western Area in 2006 50
〈Table 8〉 Direct Foreign Investments Form in Xinjiang 53
〈Table 9〉 FDI Sources of the Western Area 1982-2006 55
〈Table 10〉 FDI Sources of the Western Area 2006 56
〈Table 11〉 Total Value of Imports and Exports in Xinjiang 58
〈Table 12〉 Gross Domestic Product by Sector in Xinjiang 60
〈Table 13〉 Indices of Gross Domestic Product in Xinjiang (1978-2010) 63
〈Table 14〉 Basic Condition of Listed Companies in Xinjiang 65
〈Table 15〉 Natural Resources of Xinjiang 78
〈Table 16〉 Main Imports and Exports in Volume and Value 80
〈Figure 1〉 estment from January to August 33
〈Figure 2〉 Foreign investment in actual use of 2011 August 34
〈Figure 3〉 The growth of Foreign Invest In Actual use of 2011 August 35
〈Figure 4〉 TOP 10 Country of invest in China from January to August 2011 36
〈Figure 5〉 Actualof foreign investment 42
〈Figure 6〉 Actual use of foreign investment 43