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1 i (2004)

handle is hein.amenin/aeiactp0001 and id is 1 raw text is: US. DIRECT INVESTMENT IN CHINA With an average naiiiil growth rate of Alnos )10percent since it adopsed the 14wn door poliy Chinhas become a global economic powtrhou.se and has anutracted tiendous origi direct investment includ investmnent from the United States Why do US1. ultti oiil ofllics ilxvest in Chitna? Wihin China, what air the top investment destinations for American com- panics? Do U.S. alfiliates operating in China behave diferently frm their counterparts from Taiwan, Japan. Flong Kong, and Europe? In this book, K. C unrg. Lawrence [J Lau, and Joseph S. ee use data from both official and tinpiished sources to answer these questions and to shed light on he rends. characteristics, motives, and. policy imlplica- dions of U.S. irt investment in China. The authors show that U.S. in ilt inational corporations operating in China are becoming increasingly profitable. Americant alfiate pariticipate actively in the production of goods ained at the rapidly growing domestic Chinese market. At the same tine, significant amlournts of Chinese esports shipped to the United States are produced by foreigninvested firms operating in China. This timely and important book conitains a foreword by Georg P Shuha, former U.S. see Ierva of stae. K. C. Fung is a professor of emonmics and cofoutder of the Santa Cruz Center for International Ecoiomies at the. University of California-Santa Lawrence . 1.au is the vide chancellor of the Chinese University of Hotg Kong and the KwohbTing Li Proessor of Econontlic Development at Stanford Joseph S. Lee is the dean of the School of Mianagemeru at NaonalCtural University in Taivan. AEI American Enterprise Institute for Public Policy Research I 150 Seventeerth Sitot, NW Washinutr' DC. 20030 Hitsdshake ind 33.aac *.uttyinrsom BUSINESSi INTERNATIONAL TRADE $20.00 I ~titi 08h02ti000 9V780 4 084441062 0 Cl) 0 0 H z H H z H 7: 0 7 )IREC IN CHINA IV.. FUNG L.~ T..S.III w~ b-~n. '~>~rc'' '~ INVESTMENT

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