近年來中國對外投資之探討

An Investigation of China’s Recent Outward Foreign Direct Investment (FDI)

近年來中國對外貿易持續擴張，貿易順差過大不但影響其國內經濟均衡發展，亦造成對外經貿的摩擦。在中國持續採行宏觀調控政策下，對外投資不但能紓解其流動性過高之問題，並能調整國際間之經貿失衡狀況。雖然中國對外投資才剛起步，但其所持有龐大外匯存底，預計將對全球產生重大影響，爰有必要對中國對外投資進行研究，分析其對我國可能產生影響，提出因應之道。

In recent years, China’s foreign trade has expanded continuously, generating an excessively large trade surplus. This not only has had repercussions for the balanced development of the domestic economy, but also has generated friction with international trade partners. However, the external investment pursued under China’s macroeconomic adjustment policies can serve both to ease the problems of excess liquidity and to help correct international economic and trade imbalances. Although China has only just begun to engage in outward investment, in view of the country’s vast foreign exchange reserves, it is expected to have a significant global impact. Hence, there is a need to study China’s external FDI, to analyze its possible effects on Taiwan and suggest how to respond thereto.