earticle

영어

This study analyzed changes in the Yangtze River Delta Economic Zone Development Plan and foreign investment trends and derived some implications. After China entered the WTO in 2001, foreign investments rapidly increased in the Yangtze River Delta Economic Zone. But cities in the economic zone competitively sought to attract foreign capital and this led to an adverse effect of excessive competition. In particular, each area in the zone designated a vast industrial complex and the functions and roles of industrial complexes overlapped and this made foreign investors experience some confusion in selecting investment locations. Previous studies on the Yangtze River Delta Economic Zone mostly analyzed investment environments, investment and advance methods and investment outcome. In 2020, the Chinese government formulated the ‘outline of the integrated regional development of the Yangtze River Delta’ in a bid to solve the problem of competitive overlapping investment and development in the areas of the Yangtze River Delta and develop strong points of each area. Particular attention is paid to changes in the Yangtze River Delta Economic Zone Development Plan for setting a direction and strategies of foreign investment. Therefore, this study analyzed the foreign investment status in relation to the outline of the integrated regional development of the Yangtze River Delta to provide Korean companies with meaningful implications in reviewing the investment direction and methods to use the direction in the Yangtze River Delta Economic Zone. This study analyzed the types of industries of 3,772,297 foreign-funded companies, which have entered the Yangtze River Delta Economic Zone to make investments, using statistical data provided by China. This study analyzed the types of industries in which foreign investments are made and changes in decade cycles in major cities of Chinese provinces, such as Shanghai, Hangzhou, Nanjing and Hefei. The analysis found that in Shanghai, investments are decreasing in the primary and secondary industries while they are increasing in the tertiary industry. In Nanjing (Jiangsu Province), investments in the manufacturing industry continue to increase with some transition into the advanced technology industry. In Hangzhou (Zhejiang Province), investments are decreasing in the manufacturing industry, while they are rapidly increasing in the service industry. Lastly in Hefei (Anhui Province), investments are continuously made in the manufacturing industry.