The Analysis On Foreign Capital Effect In Restructuring Of Export-Trading Structure Of Our Country

Developing continuously along with the economic globalization, the import and export have already occupied the more and more important position in developing country. From 1978 to 2005, China's total import and export growth of 78.15%, with an average annual growth rate of 20.72%. China becomes the third largest trading nation followed from the United States and Germany, but still exist some problems, manifest as low exporting mode makes reasonless composition of export trading, which further makes disadvantageous trading condition and trading friction. Under the open economy, trade is more and more associated with foreign investment. Therefore, the study of the restructuring of China's foreign trade export effect rationalization of the structure of our export trade would transit practical significance.Based on the types of foreign direct investment and exports empirical analysis, it comes that the effect of foreign direct investment promoting industrial products arises from labor and resource-intensive industries. This conclusion seems contradictory according to expansion exports of mechanical and electrical products and high-tech products. Over the analysis on feature of China's export commodity restructure, it indicated the country export trade mostly belongs to processing trade form in industrial. Different does not correctly reflect the value of the share of China's export-intensive elements. Therefore, this paper is further concerned with the country's comparative advantages of foreign direct investment relations between the roles. Through the empirical analysis of foreign direct investment, capital accumulation and technological progress ,the technical progress effect is not significant, foreign direct investment and the accumulation of capital and technology is lack of perfect combination, and the comparative advantage remain at the level of resources and labor. In this paper, above analysis put domestic enterprises and foreign-funded enterprises in China need to strengthen the building of a platform for the exchange of technology above the analysis, further strengthening our policies to attract foreign investment, optimize the structure of China's foreign-funded enterprises.