A widely shared opinion about China's economic growth is that it's driven by
FDI (and exports). But Qian Yingyi of Berkeley says this is nonsense, because
the proportion of FDI in China's total investment is very small http://elsa.berkeley.edu/~yqian/how%20reform%20worked%20in%20china.pdf (page
4-5). Qian only considers the proportion of capital formation though. Is there
any good paper/review that looks at the overall picture of the role of FDI in
China's econ growth? Thanks much.
