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| A DYNAMICS STUDY ON FOREIGN CAPITAL FLOWS |
| HUANG Chao-yong, ZHEN feng |
| Department of Urban and Resources, Nanjing University, Nanjing 210093, China |
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Abstract Affected by driving force of surplus capital,attraction of investment environment and obstruction of flow,foreign capital flows through three stages. Firstly,they concentrate on center cities or along main roads,then spread along urban system and artery traffic. Finally,they diffuse into countryside. Foreign capital flows benefit as well as harm to their host countries. On one hand,they promote economic development,show advanced technology and management,increasing employment. On the other hand,they monopolize some market of host country,enlarge regional disparity. So,according to different stage of foreign capital flows and different driving factors,we take different policies for investment environment construction and foreign investment import so that foreign investment can distribute in industrial structure and regional structure more reasonably.
In case study,we found foreign capital flows stay in concentrate stage in Guangdong province. Most of foreign investment concentrate in Zhujiang Delta,especially Guangzhou and Shenzheng city. In recent years,foreign investments in fringe areas drop down. In the west Zhujiang Delta,it flows from Shenzheng to Huizhou and Dongguan city.
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Received: 06 December 1999
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2000, Vol. 15 
