Document 8: The Present State of Direct Foreign Investment in Zhejiang and Policy Suggestions

Abstract

During the eighteen years of reform and opening to the outside, Zhejiang's use of foreign investment has attained a certain scale, has increased in quality and volume, and has played an important role in the development of an open-style economy. However, as a relatively advanced coastal province, compared with its sister provinces and cities, Zhejiang started late in utilizing foreign investment and the gap is quite large. What should arouse our attention even more is the trend of this gap to widen continuously. As a result, there has already been an obvious effect on the gap in the rate, quality, and efficiency of economic growth, and competitive advantage.