Ｔｈｅ Ｗｏｌｆ Ｉｓ Ｃｏｍｉｎｇ？

——Multinationals's Entry and Effect on China's Manufacturing Industry

Nowadays,China has becomethe country that introducesthe largest amount of foreigncapital.Up to June 2008,theaccumulative total number of foreign-invested enterprises in China is over632 thousand; the total amount of actualuse of foreign capital is over US$582billion.There are over 400 multination-als of top 500 investing in China,30 ofwhich set up regional headquarters,andthe number of R&D; institutions fundedby foreign firms is over 600.The invest-ment from multinationals has becomethe mainstream of China's FDI.