The Differences Of Inward FDI Policies In China And Japan During The Economic Fast-growing Period After WWⅡ

During the economic fast-growing period in Japan after WWⅡ, Japanesegovernment paid more attention to the inward-introduce of advanced technologyrather than the foreign capital itself by the out-coming FDI policies, hereinafter,the Japanese government continuously upgraded its industry structure with thelimited out-coming capital and promoted the economic development. However,after the Opening and Reform, the Chinese government unilaterally pursued theamount of out-coming capital and short-term economic effects, and sometimesthe amount of out-coming capital was even considered as the evaluation index ofthe magistrates' achievements, which mostly contributes to the not-high-qualityinward FDI. Meanwhile, for the profit-drive of the companies, the foreigncompanies preferred investing in the processing industries with low-risks andprimary technology rather than the high-tech fields with high-risks. It is a factthat the out-coming FDI polices in China and Japan are very different, but canwe say that one is better than another?Eventually the foreign capital is an out-coming not crucial factor, it caninfluence not decide the economic development. This paper presents acomparison of the contents and influences of the inward FDI polices in Chinaand Japan during the fast-growing period after WWⅡ, and concludes that theout-coming FDI polices do not have an common model to follow and eachcountry should take her own national situation and long-term economic targetsinto account, and make the polices serve the overall economic development.