ABSTRACT
Obtaining such a comprehensive picture is becoming more and more important. As China continues to develop and its indigenous companies grow stronger, it is becoming fashionable in some quarters to minimize the past and present contributions of foreign investment and foreign invested enterprises in this development. At the same time, as foreign companies appear to be coming under increasing pressure in China due to market, regulatory, and competitive shifts, it is becoming more important for foreign companies to be able to ‘make their case’ in terms of the contributions that they have made and are making to China’s development. Many other countries in the developing world are looking to China, and how it deals with foreign investment and foreign companies, as a guide for their own policies and practices. Thus a failure to understand China’s approach to foreign investment and foreign companies, and the true impact that this investment and these companies have had on China’s development has implications that go well beyond China.
