Since late 1978, with the implementation of market-oriented economic reform, inward foreign direct investment (FDI) has been encouraged in China. As a consequence, foreign firms have been attracted by the huge domestic market and pool of relatively well-educated, low-cost labour, which has made China one of the most attractive destinations for FDI in the world. By the end of 2013, China had attracted a total of US$1.4 trillion in FDI inflows, making it the largest FDI recipient in the developing world.
|Title of host publication
|Deepening Reform for China's Long-term Growth and Development
|Ligang Song, Ross Garnaut, Cai Fang
|Place of Publication
|Published - 2014