Research On The Employment Effect Of Singapore’s Direct Invest In China

Since the reform and opening up,China has made remarkable achievements in attracting foreign investment.In 2015,China’s capital introduction reached a record high,ranking the third in the world.In 2016,faced with a complex and volatile political and economic situation around the world,unlike the slowing growth of the world economy and the sharp decline in the proportion of foreign investment in most countries,China’s capital inflow is growing against the trend.By 2017,global fdi will have fallen another 16%.Compared with the situation that the world economic growth is still weak,the amount of investment in China is still growing against the trend.And it was up 3.6%from a year earlier.For the first time,China has become the second largest foreign capital inflow after the United States.On the other hand,China is the world’s total population of the first countries,employment base is big,how to implement such a large number of underemployed population employment problems,has always been a big problem of the Chinese government.In the new era,realize the great rejuvenation of the road,strengthen to find out the way of solving the employment problem of scientific exploration,if can from the perspective of our country opening to the outside world,further explore its will effectively promote the employment or how to achieve full employment,which not only provide scientific theory support for the optimization of existing employment structure,more has a long-term strategic significance and research value.Among the neighboring asean countries,Singapore is one of the most important source countries of foreign direct investment(FDI)in China.In recent years,Singapore’s direct investment in China has been increasing,which has exerted certain influence on China’s economy and society.Therefore,this article selected Singapore as the main object of this study and the breakthrough point,through the combination of qualitative and quantitative method,based on 2000-2016 panel data,build the Singapore number of foreign direct investment on employment,wages and so on more than one variable regression model.This paper discusses the influence of fdi on employment quantity,employment structure and employment quality of Singapore from normative analysis and empirical analysis.Study found:Singapore foreign direct investment in effective promotion of employment quantity,optimize the employment structure in our country,is conducive to China’s economic transformation and upgrading,and to a certain extent,improve the wage level of the labor market in China.On the one hand,fdi in Singapore has transferred the labor force from the primary industry to the secondary and tertiary industries.Fdi in Singapore has a positive impact on China’s total employment.Singapore foreign direct investment,on the other hand,the influence of FDI to our country wages are positive,Singapore,every 1%increase in foreign direct investment of our country’s labor market wages was increased by 0.22%,namely Singapore foreign direct investment has positive effect on improving the quality of employment in our country.Moreover,for every 1 percentage point increase in domestic investment,wages increase by 0.5 percentage points.For every one percentage point increase in direct investment from other countries,China’s wage level will drop by 0.18 percentage points.