人民币升值对我国FDI流入的影响分析

改革开放30年来，我国引进外商对华直接投资（FDI）持续增加，FDI的流入已经成为我国经济发展和技术进步的动力之一。自2005年人民币汇率改革以来，人民币汇率不断提高，波动的幅度增大。人民币升值对我国FDI流入的影响主要体现在：（1）无论是短期还是长期，人民币贬值都能够促进FDI的流入，人民币增值都能够抑制FDI的流入；（2）汇率波动会对FDI的投资信心产生影响，从而影响FDI流入，但人民币汇率的短期波动对FDI的影响并不显著，从趋势看汇率稳定有利于FDI的流入；（3）从30年的总趋势考察，人民币汇率水平和汇率波动都不是影响FDI流入的决定性因素，影响我国FDI流入的关键因素是宏观经济环境因素。要扩大引进外资的规模，应该对影响外商直接投资的内部因素和外部因素进行综合考虑，从多元化渠道入手解决问题。

Analysis of the Impact of RMB Appreciation on Foreign Direct Investment in China

Since the reform of RMB exchange rate from 2005,the RMB exchange rate has been raised constantly,and the fluctuations have increased.The impact of RMB appreciation on China's FDI inflows are mainly embodied in:First,whether the short-term or the long-term,the devaluation of RMB will be able to facilitate the inflows of FDI,and the devaluation of RMB will be able to curb the inflow of FDI;Second,the fluctuations of exchange rate will have an impact on investors' confidence,thus affecting the inflow of FDI.Bu...