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In our recent work (Jiang et al. 2018), we analyze the above aspects of IJVs with an emphasis on exploring their role infacilitating the transfer of foreign technology to Chinese firms, and in doingso investigate whether China’s investment policy achieves its purpose.

在我們最近的工作(Jiang et al. 2018)中，我們分析了國際合資企業(yè)的上述問題,，重點探討了它們在促進外國技術向中國企業(yè)轉移方面的作用,，并以此調查中國的投資政策是否達到了目的。

Joint Ventures and Technology Transfer: The Case of China

合資企業(yè)與技術轉讓：以中國為例

IJVs are a unique mode of foreign investment and there are multiple channels of technology transfer (depicted inFigure 1) through which domestic firms might benefit. In addition to any contractual and regulatory obligations, a foreign investor has a direct incentive to transfer proprietary know-how to its joint venture in order forthe new operation to succeed. This helps joint venture firms become strong performers relative to other domestic firms. This first channel is what we denote as an internal technology transfer that takes place between the foreign parent and the offshoot joint venture firm.