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China's High-speed Rail Foreign Investment Risk Assessment And Evasion

Posted on:2017-02-16Degree:MasterType:Thesis
Country:ChinaCandidate:F F LiFull Text:PDF
GTID:2359330512969552Subject:World economy
Abstract/Summary:PDF Full Text Request
21st century, with the development of world economic, infrastructure had an unprecedented development opportunity in the world market, at the background of strong demand for high-speed rail, Chinese high-speed rail, with the unique advantages of low-cost, high-quality, quickly goes out of the country and actively participates in overseas as "low-carbon, conservation, environmental protection" as the core of the high-speed railway construction market, and become a great growth in foreign investment projects. Although the development of China's high-speed rail market started late, but it developed rapidly. Under the guidance of Chinese high-speed rail through "the introduction, absorption and innovation" model of development, some railway equipments and technology developed rapidly, so the world's longest high-speed railway country is China, and the largest construction of the country. However, foreign investment in China high-speed rail is a new field, it will face some risks, and the future of China is a new issue of foreign investment in high-speed rail can not be avoided. Chinese high-speed rail system, means large amount of investment, long investment cycle, technically long payback period income and other characteristics, it will certainly affect China there are various uncertainties high-speed rail in the benefits of foreign investment projects in the investment process through the influence of external factors affecting the formation or investment risks China's sort summary article create systemic risk and non-systematic risk, systemic risk including Chinese high-speed rail investment target country risk, economic risk, legal risk; non-systematic risks include Chinese high-speed rail overseas investment is mainly in China under the government leadership, rather than on the global high speed rail market supply and demand law, which to some extent, can reduce high-speed rail barriers to foreign investment, transfer excess production capacity to other country, increase in overseas market utilization,but the one hand, it will causes investment potential problems.In this paper, combing theory with respect to foreign direct investment, based on the joint investment in the status of Chinese high-speed railway in the world market, the aim uncertainties affect China's high-speed rail foreign investment risk analysis of relevant data foreign investment division of high-speed rail overseas investment systemic risk and non-systematic risk, citing expert investigation, collecting the views of experts survey, identification and analysis and evaluation of the process of China's high-speed rail investment uncertainty, for China the proportion of high-speed rail overseas investment risk levels, and their in-depth analysis, hierarchical classification, and establish an effective risk factor index system and using MATLAB software to calculate each risk factor risk weights, and use the AHP fuzzy comprehensive evaluation model, and using the three principles of a comprehensive assessment to evaluate the results, draw foreign investment risk level of high-speed rail in the lower part. Finally, the paper proposes foreign investment in high-speed rail for suggestions to avoid the risk of foreign investment, with a view to high-speed rail Foreign Investment Risk Assessment and Avoidance provide ideas, make some reference to foreign investment in emerging industrial countries with economies in transition.
Keywords/Search Tags:risk level, high speed rail investment, AHP fuzzy evaluation method, evaluation
PDF Full Text Request
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