As the pillar industry of economy in our country, the manufacturing industry has long been the largest industry with the largest scale of foreign investment. But in recent years, along with the low-cost advantage of China’s labor, land and other elements weakening, the utilization scale of foreign investment by the manufacturing industry fell, and caught up with the service industry, so as to promote the use model of the foreign investment in China’s manufacturing to change from quantity to quality. How to improve the utilization quality of the foreign investment by the manufacturing industry is one of the most urgent problems. The premise of solving this problem is to analyze the utilization quality of the foreign investment by the manufacturing industry, and find out the existing problems or deficiencies, and then find the measures to improve the utilization quality of foreign investment.In this paper, the utilization process of foreign investment by the manufacturing industry was summarized as four stages, including starting, the sustainable development, booming and transformation. After that, it analyzed the utilization characteristics of foreign investment by the manufacturing industry on the utilization scale of foreign investment, source, location, and industry. In addition, it took many kinds of methods such as the comparative analysis, the document analysis, the qualitative analysis combined with the quantitative analysis to study the utilization characteristics of foreign investment by the manufacturing industry of our country. Eight indexes were set in this paper, including the capital contribution rate, the foreign investment rate, the export contribution rate, the employment contribution rate, the tax contribution rate, the high technical contribution rate, the contribution rate of management level, the contribution rate of technological progress.Furthermore, on the basis of these indexes, the gray related projection model was built, then the evaluation samples and rational samples were selected, and the evaluation samples are projected on the ideal sample. The next thing to do was to evaluate the utilization quality of foreign investment by the manufacturing industry according to the size of the projection value.With the aid of the gray relational projection model, this paper made a comprehensive evaluation on the utilization quality of foreign investment by the manufacturing industry from 2005 to 2014. In addition, it studied the utilization quality of foreign investment by 20 manufacturing industries in 2005 and 2014. The results showed that the utilization quality of foreign investment by the manufacturing industry was on the rise as a whole, then slowed down and declined from 2008 to 2009, followed by a steady rise. In this paper, 20 manufacturing industries were divided into three types, namely, technology intensive, capital intensive and labor intensive industries. Afterward, the study found that the utilization quality of foreign investment of technology intensive industries was the highest in 2005 and 2014, moreover, there was no obvious gap between the labor intensive and capital intensive industries in 2005, in addition, the capital intensive industries remained unchanged, while the labor intensive industry declined, behind the capital intensive industry in 2014. Thus the following conclusions were drawn that he direct effect of foreign investment on manufacturing industries was greater than the indirect effect, in addition, the utilization quality of foreign investment in various industries was not balanced, what’s more, the effect of foreign investment in the business management concept and technological progress was not ideal.Based on the empirical analysis of the utilization quality of foreign investment by the manufacturing industry, the reasons influencing the utilization quality of foreign investment were summarized, which included that the industrial structure of foreign direct investment utilization by the manufacturing industry fell behind, the regional distribution was not balanced, the level of scientific and technological innovation was not high, the management level of the foreign investment utilization was low, the foreign enterprise blocked technology. In view of the conclusions of the empirical analysis and the problems, this paper put forward five suggestions, which meant that we should enhance the capacity of attracting foreign investment of advanced manufacturing industry, improve the management level of the use of foreign investment, break the technical blockade of foreign investors, enhance the digestion, absorption and re-innovation capability of the manufacturing industry to the imported technology, pay attention to personnel training and the introduction. |