[Marxism] China's growth accelerates in Q2

[S. Artesian]

I don't think I was clear enough in the below post.  I should note that in 
2001 China abandoned the requirement that foreign direct investment had to 
either be export oriented or introduce new technology, and began encouraging 
wholly owned foreign enterprises in the country.

China encouraged such investment in infrastructure, natural resource 
exploitation, and production for the domestic market.  The amount dedicated 
to those areas difficult to pinpoint, but clearly with exports/imports being 
the huge component of GDP,  such investment has not had the impact that 
prior FDI has had.


----- Original Message ----- 
From: "S. Artesian" <sartesian at earthlink.net>
To: <sartesian at earthlink.net>
Sent: Thursday, July 16, 2009 5:31 PM
Subject: Re: [Marxism] China's growth accelerates in Q2


No, I am right.  The investments made for auto production are separate
investments governed by the law that requires such investments to introduce
new technology into production.

These auto industry investments come much later in the course of FDI
[nothing unusual about that acronym], and do not in amount match the $700
billion or so in UTILIZED, actually deployed in production, FDI in the
export sector.


----- Original Message -----