Impact Estimation of Exchange Rate on Foreign Direct Investment Inflows and Annual Update of Competitiveness Analysis for 34 Greater China Economies ... Institute - World Scientific Series)

With the growing prosperity of its people and the improvement of its international standing, China would "realise the Chinese Dream of national rejuvenation and see the people realise their aspirations for a better life" as visualised by President Xi Jinping in his speech delivered during the 19th National Congress of the Communist Party of China in October 2017. Into its fifth edition, this book presents the Asia Competitiveness Institute's annual update of sub-national economies of Greater China employing 102 different indicators across four different environments to capture competitiveness in a comprehensive manner. The methodological innovation using Shapley value introduces an element of objectivity into weight assignment. The what-if competitiveness simulation helps to identify the specific policy areas that each economy can focus on in order to improve their competitiveness. The book also features an empirical attempt to identify drivers of foreign direct investment inflows to China, with a specific focus on exchange rate movements and volatility. As China has achieved the transformation from regaining dignity to becoming prosperous and is on the path Inwards growing strong as a great modern socialist country, the book concludes tentatively by examining exactly what is meant to be "growing strong" as a nation. Book jacket.