gn companies to put money in China, but later, the Chinese Governmenthighlighted the significance of FDI. For almost 40 years, Chinese markets are openedto international investments and obtained outstanding results in attracting FDI.Government formed advantageous and profitable conditions for FDI trough creatingSEZ and promoting joint ventures between local and foreign firms. From almost $0 in1978, China reached ~$135 billion of FDI in 2018 with 539,345 foreign enterprisesregistered in China in 2017 (National Bureau of Statistics of China). In the modernhistory of economic development, one can find just a few countries with as muchbenefit from FDI as China have. At present, there is a wide range of academic literaturededicated to the history, determinants and effects of FDI in China (for instance, Chen,1996; Whalley and Xian, 2010, Head and Ries, 1996; Zhao and Zhu, 2000).Nevertheless, in comparison with previous studies on the FDI in China, this thesis isbased on the more comprehensive research with an up to date set and econometricalmodel.
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