T. G. TERENTYEVA
Far East Institute of the Russian Academy of Sciences
Keywords: export of capital, investment, accumulated direct investment, construction contract, leasing
One of the most important factors in the rapid growth of the Chinese economy over the past decade was the very successful implementation of the state strategy "Going Abroad". For the first time, Jiang Zemin officially announced the new strategy at the 1st session of the 9th National People's Congress (February 1998). In his speech, he stated: "At the same time as the active expansion of exports, it is necessary to systematically organize and support the export of state-owned enterprises with the necessary potential and resources. They should be encouraged to make investments and set up businesses abroad. 1
Favorable conditions for the successful implementation of this strategy have been possible since 2001, after China's accession to the WTO, as was officially stated by the then Prime Minister Zhu Rongji: "The implementation of the' Go abroad 'policy is becoming one of the main tasks of the Chinese economy." 2
The importance of developing this area of foreign economic policy was repeatedly confirmed by his successor Wen Jiabao, who in 2006 adopted the first document in the country's history setting out the norms and principles of foreign investment in the country.
The state strategy "Going abroad" has become one of the priorities of all subsequent five-year development plans of China (2001 - 2005, 2006 - 2010, 2011 - 2015). Undoubtedly, the growth of foreign investment is promoted by the policy of the Chinese government, which encourages the export of capital that meets the conditions and objectives of the country's economic development. The active participation of the state in the export of capital is a feature of Chinese foreign investment. The state is directly involved in creating favorable conditions for the export of capital: the relevant legal framework is developed and improved; an incre ...
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