Foreign-invested partnerships (FIP) are part of China’s economic strategy to move from low productivity, low value manufacturing to high productivity, high value wealth creation. The latest FIP legislation focuses on providing young creative entrepreneurs with a platform to develop their ideas, rather than dealing primarily with foreign capital (after three decades of foreign capital inflow, it can now be provided from within China).
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Excerpt from the Report
Foreign-invested partnerships (FIP) are seen to be essential for China to attract foreign management expertise as well as advanced technologies. They are part of China’s overall economic strategy of moving from low productivity, low value manufacturing into high productivity, high value wealth creation.
The focus of the new FIP legislation is not primarily on foreign capital since this can be provided from within China now after three decades of foreign capital inflow. But rather it also seems to provide young creative entrepreneurs with a platform to develop their ideas supported by domestic as well foreign partners.
