The Research Of Macao’s Investment In The Pearl River Delta Regional Distribution And Upgrade

In1990s,China has become the largest host country for foreign direct investment among thedeveloping country and region.In2003,China preponderate over the United States became theworld’s largest foreign direct investment country.So once time capital attraction became the localgovernment important policy index.Of course,As the forerunner of reforming and opening up——Guangdong is outstanding in the absorption of foreign capital;Especially in the Pearl RiverDelta region absorbs a large number of Hong Kong and Macao investments,just due to itsincomparable location advantages——adjacent to Hong Kong and Macao.And because of thisGuangdong province receives rapid economic development,once time its GDP has surpassed theEast Asian tigers,Singapore,Hong Kong and Taiwan.However,with the deepening of reform,Guangdong’s development and even the entiremainland’s development is under the pressure of transformation and upgrading.Especially thoselow-tech SMEs,their survival mainly depends on the low production cost such as labor cost.Macao as a miniature economy system,Macao-owned enterprises are seen as an importantcommunicating bridge between the two economic developments, and also as one of theimportant symbol of carrying out "one nation,two systems".Its road of the transformation andupgrading is worth studying, which also has important significance on the Pearl River Deltaregion in transformation and upgrading.Based on that, this paper mainly analyzes theMacao-owned enterprises in Pearl River Delta area’s layout and development situation,and thenresearch its transformation and upgrading.This paper will follow the main research lines:First sort out the theories of upgrading andregional distribution,And then based on the large amounts of organized data,systematic analysesthe Macao-owned enterprises in the Pearl River Delta region to invest in layout and itsproblem.Ant then we though empirical research Macao-owned enterprises location choiceinfluencing factors.After that we analyses the influence factors of the Macao-owned enterprises’transformation and upgrading. Finally,according to the above analysis, put forward to thesuggestion of promoting the Macao-owned enterprises’ transformation and upgrading.The results show that: The cost factor and the location element are the main factors forMacao-owned enterprises in the Pearl River Delta region investment location choice.The main determinants factors of Macao-owned enterprises transformation and upgrading include:widemarket support,as well as the gradually rising wages and infrastructure.Such as the better thefinancial environment,is, the easier the Macao-owned enterprises transformation and upgrading.