Author(s)

Yiwen Sun

Corresponding Author

Yiwen Sun

ABSTRACT

With the introduction of "supply-side structural reform" measures, institutional changes and major adjustments in economic structure, growth power structure and growth mode structure, China's economic structure will have a profound impact on the future, and foreign investment will face major structural adjustments. Foreign direct investment (FDI) plays an important role in the upgrading of industrial technology in China. It not only changes the structural state of industrial technology incrementally but also promotes the optimization, adjustment and transformation and upgrading of industrial technology in terms of stock. The direct effect of FDI is significant, and the technology spillover effect is obvious in the Pearl River Delta region. However, limited by the source of FDI, fixed asset investment and the number of employees at the end of the year have no significant effect on productivity and technological progress. To promote industrial technology upgrading in the Pearl River Delta region, we need to improve the investment environment and increase the efforts to attract foreign investment and adjust the industrial layout of FDI. Strengthen regional cooperation and accelerate industrial technology upgrading. Improve personnel's scientific and technological level and increase research and development investment.

KEYWORDS

Pearl River Delta, Foreign Direct Investment (FDI), Industrial Technology Upgrading, Supply-side Reform