China and the new challenges for inward FDI investment

BoyRacer · May 2, 2010, 9:50am

China and the new challenges for inward FDI investment - Prof. Seamus Grimes, NUI Galway → finfacts.ie/irishfinancenews … 9578.shtml

I’m back in sunny Expo Shanghai for a second extended visit after a year to look at foreign R&D investment. Those who are familiar with the sector will know that the atmosphere for inward FDI (foreign direct investment) investment in China has changed a little of late, but one can never be sure about what really is going on, and that is particularly true for somebody like myself with a significant language, if not a wider cultural barrier.

There has been a lot of recent commentary in the media about the ‘new’ focus in ‘indigenous innovation’ by the Chinese government. This is more a new elaboration of the key Science and Technology 15 year plan published in 2006. Multinational companies here have had some concern that this would mean an uneven playing field, with some restrictions on their access to the market.

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BoyRacer · May 3, 2010, 6:03am

China Rules the World at Expo 2010 → theatlantic.com/internationa … 010/39566/

At precisely 9 AM on May Day, hundreds of new turnstiles will begin to spin along the banks of Shanghai’s Huangpu River, giving way to more than half a million visitors as they inaugurate the opening of Expo 2010, the most expensive and well-attended World’s Fair in history. To American ears, the concept of a World’s Fair sounds archaic, and when applied to Shanghai, a contemporary symbol of all that is new, vibrant, and even threatening, it’s disconcerting. But in Shanghai, where the future is an obsession, this reported $46 billion hat-tip to the past makes perfect sense: just as New York once announced its global pre-eminence via World’s Fairs in 1939 and, again, in 1964, the organizers of Expo 2010 view the six month event as nothing less than Shanghai’s coronation as the next great world city.

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