Trends of Foreign Capital Withdrawal in China under the Background of De-Globalization and Strategies for Stabilizing Foreign Investment
In the context of profound and complex changes in both domestic and international environments,ratio-nally understanding the phenomenon of foreign capital withdrawal and effectively guiding and responding to it is crucial for promoting the expansion,stabilization,and quality improvement of foreign investment in China,as well as for facilitating the smooth operation of the dual circulation strategy.This paper examines the new trends and characteristics of foreign capital withdrawal in China from a holistic perspective,and further explores the causes and consequences of the withdraw of foreign-funded enterprises.It proposes countermeasures to retain high-quality foreign investment and mitigate the negative impact of foreign capital exit.The study finds that China is in a stage where new foreign investment is expanding while some existing foreign capital is being withdrawn.Among them,both low-end and high-end manufacturing are facing pressure from foreign capital exits,with a notable increase in the exit of foreign capital from the service sector,particularly in producer services.The reasons include forced with-drawals caused by the loss of competitive advantages under the survival of the fittest mechanism,active relocation driven by the decline of traditional investment advantages and the dual push-pull factors of competitive investment policies from other countries,as well as political divestment catalyzed by Sino-US trade frictions.The withdrawal of foreign capital in high-end manufacturing may have a negative impact on the high-quality development of Chi-na's industry,while the withdrawal of foreign capital in low-end manufacturing and service sectors may have a"changing birds in a cage"effect in the long run.Therefore,targeted measures should be designed,such as estab-lishing a dynamic early warning system for foreign investment security and leveraging regional synergy to promote the transfer of foreign-funded industries to central and western regions.This article provides important reference value for achieving the goal of stabilizing foreign investment under new situations and challenges.
foreign capital withdrawalmanufacturing reshoringstabilizing foreign investmentde-globalization
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