文档介绍：30 Academy of Management Perspectives November
FDI in China: What We Know and What We Need to
Study Next
by Chung Ming Lau and Garry D. Bruton
Executive Overview
China is the world’s fastest growing economy and is the focus of extensive discussion by both academics and
businesspeople. One of the principal drivers of China’s growth is foreign direct investment (FDI) into the
country. China has pursued a historically unique FDI policy that has long-term implications for both
Chinese and international businesses. The largest portion of China-related research is focused on FDI in
China. This paper looks at what we know from this research and where future research about China and
FDI needs to move. This paper will allow academics to build that knowledge of China and FDI into
teaching and into a foundation for understanding this dynamic economy. Such an understanding of FDI
will also help academics whose expertise is not China to better understand what is unique about China and
its economy and lay the foundation for understanding other emerging economies. Using a process
framework this paper examines various issues related to FDI in China, including the nature of earlier foreign
investments into China, the timing and mode of entry, partner selection decisions, joint venture strategies,
interpartner issues, and people issues in FDI.
hina is a constant topic of interest among over the $ billion in 2004. But focusing on
businesspeople and increasingly among aca- exports alone belies the real engine of growth in
Cdemics around the world. A review of China’s China: Foreign direct investment (FDI) into the
economic statistics makes clear the reason for this country (Graham & Wada, 2001). It is this in-
interest. The nation has experienced an annual vestment that has enabled China to e the
real GDP growth of approximately 9% per year export powerhouse that it is.
since 1978—an aggregate increase of more than FDI into China is now