Abstract:
FDI inflows are vital for the China’s
development and Chinese manufacturing PMI index is the important indicators
measuring national industry development trend. The relation research between
them has important economic significance. So the VAR model to establish and
stationery test, cointegration regression, ECM model, granger test and impulse
response function method are used. It is concluded that there is long-term equilibrium
and stable relations between them and FDI inflows were significantly positive
role in promoting the manufacturing PMI index in the short term. FDI inflows
are the granger reason of the manufacturing PMI index which confirms that FDI
inflow has important influence on the Chinese manufacturing PMI index. But it
is not significant that the manufacturing PMI index impacts on FDI inflows.
Kang Canhua and Yang Lingling, 2013. An Analysis on The Correlation Between FDI Inflows and Chinese Manufacturing PMI Index. Information Technology Journal, 12: 6174-6177.
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