The goals of the paper are: to analyse the scale and nature of foreign direct investments (FDI) in the economic cooperation between France and China; to explain the main reasons for the Chinese capital commitment in the form of FDI in the European Union (EU) and France as well as French one in China; and to identify the conditions and barriers in the flow of FDI and the main activities undertaken by France and the EU to introduce more symmetry in relations with China. The following research hypothesis has been adopted: FDI are an important element of the economic cooperation between France and China, which is developed despite barriers including differences in potentials and asymmetry in market access. In the face of China’s growing activity in the global economy, noticing the benefits, France does not question the bilateral relations but puts more emphasis on the need to create coherent and coordinated strategy towards China at the EU level. This analysis allowed formulation of a few main conclusions. The recent dynamic inflow of Chinese FDI to the EU (including France) is closely connected with China’s measures aimed at reinforcing its position in the global economy. The dynamic and nature of Chinese FDI coming to France and other EU countries, asymmetry in access to markets, the Belt and Road Initiative, changes in the US trade policy and divisions among EU member countries pose challenges to the EU. France is fully committed to creating a common EU strategy towards China and restoring the balance within the EU-China strategic partnership.
The purpose of this article is to present the main changes to China’s foreign investment law, with a focus on the Foreign Investment Law and its implementing regulation, which are effective from 1 January 2020. These are now the overarching regulations applicable to investors already present in the Chinese market, as well as those planning to expand into the market in the form of foreign direct investment. The following research hypothesis was adopted: The Chinese Foreign Investment Law and its implementing regulation introduce many beneficial changes from the point of view of foreign investors. In-depth analysis of legal texts and their interpretation is the main research method adopted to verify the validity of the research hypothesis. Key findings: The FIL and its implementing regulation, together with the further shortening of the prohibitions and restrictions on foreign investors included in the negative lists, are important steps towards further liberalisation in foreign investors’ access to the Chinese market, offering them wider opportunities to invest capital. They create a more conducive institutional and legal environment for foreign investors compared to the previous legislation. However, further action is needed to address regulatory flaws, increase regulatory transparency, and accelerate the pace of change.
The purpose of the study was to analyze selected actions, which were and are important for Shanghai to obtain the status of the international financial center, together with an initial assessment of the achievements and an indication of the challenges for further development. The carried out analysis shows, that Shanghai strengthens its position as the world's leading international financial center. Whereas it is necessary for its further development to implement reliable market rules, that will give certainty to investors (domestic and foreign) that they have an open and fair access to the market and their interests are protected. The transparency and growing maturity of the stock market, the full liberalization of capital flows and the full interchangeability of the chinese currency play an important role. Whether Shanghai will be given the right to valuation global financial assets, depends to a significant extent on the alignment of China's economic development and progress in the internationalization of the yuan. It also depends on whether the leading foreign financial organizations will see Shanghai as the most important platform to draw dividends from China's economic development and the internationalization of the chinese currency. In the event of these basic conditions not being completed, Shanghai ewa radomska szanghaJ Jako międzynarodowe cenTrum finansowe 165 will not be able to become a fully global, mature financial center, integrated into the global financial system, taking into account, for example, the degree of internationalization of stock exchange operations.
Celem artykułu jest ocena poziomu rozwoju gospodarki cyfrowej i społeczeństwa cyfrowego w Federacji Rosyjskiej wraz z identyfikacją głównych trendów i wyzwań. Przeprowadzona analiza wykazała, iż poziom rozwoju gospodarki cyfrowej i społeczeństwa cyfrowego w Federacji Rosyjskiej kształtuje się na średnim poziomie w porównaniu do najbardziej konkurencyjnych na świecie gospodarek pod względem cyfryzacji. Mimo postępów w rozwoju gospodarki cyfrowej i społeczeństwa cyfrowego w FR w ramach programu cyfryzacji, wciąż występuje wiele obszarów wymagających poprawy i dalszych działań. Rządowy program cyfryzacji i ujęte w nim projekty mają znaczenie, ale pogorszenie koniunktury gospodarczej w FR wywołanej m.in. przez pandemię Covid-19 oraz wewnętrzne uwarunkowania systemowe nie sprzyjają ich wdrażaniu zgodnie z przyjętymi założeniami i ramami czasowymi (realizację wielu celów w ramach projektów ujętych w programie przesunięto do 2030 r.). Postępy w procesie cyfryzacji FR służące gospodarce i społeczeństwu dostrzegalne będą w perspektywie długookresowej.
The aim of the article is to analyze the Russian authorities’ approach to the development of the digital economy and the digital society based on accepted digitization strategy, identification of the core policy directions and the conditions for their implementation, together with an initial assessment. The following research hypothesis has been adopted: Regardless of the concepts, program and strategy of the digitalisation of the economy adopted, the Russian authorities have been unable to generate effective mechanisms for their implementation and the deterioration of the economic situation slows down the process. The development of the digital economy and the digital society is a part of a centralized government’s policy and the main beneficiaries of the process are the largest state-owned enterprises linked to elites. The most important barriers to the digitization of the economy and society result from the systemic problems of the Russian Federation and the economic downturn caused by the Covid-19 pandemic. There are no prerequisites that would permit the assumption that, that the strategy and its program for the development of the digital economy in Russia that the strategies will be implemented in accordance with accepted assumptions and time frames.
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