陈晓东：高水平开放推动全产业链创新

Core Viewpoint - The article emphasizes the importance of bilateral investment as a key strategy for enhancing China's industrial chain innovation capabilities and overall competitiveness in the context of global industrial competition and supply chain adjustments [1][2][3]. Group 1: Bilateral Investment and Innovation - Bilateral investment can facilitate technology transfer through intermediate products, allowing local downstream companies to innovate based on advanced technologies from foreign direct investment (FDI) enterprises [2]. - FDI enterprises often impose production standards on local suppliers, which encourages upstream companies in the host country to innovate to meet these standards [2]. - As the host country's innovation capacity improves, its scale of outward direct investment (ODI) will gradually expand, creating a reciprocal effect on technology and innovation [2][3]. Group 2: Competitive Dynamics and Market Integration - Bilateral investment generates competitive incentives among local companies, pushing them to innovate in order to meet the stringent requirements of FDI enterprises [3]. - Increased domestic competition and enhanced innovation capabilities lead companies to seek overseas opportunities through ODI, thereby integrating into global value chains [3]. - The article notes that the recent trends show a balanced growth in both FDI and ODI in China, which is crucial for attracting global resources and enhancing the domestic and international market linkage [3]. Group 3: Policy Recommendations for High-Quality Development - The article suggests promoting high-quality coordinated development of bilateral investment through institutional openness, aligning with international trade rules, and leveraging successful experiences from free trade zones [4]. - It advocates for differentiated industrial policies based on the characteristics of the industrial chain, including establishing support funds for technology-dependent industries and optimizing the structure of ODI [4]. - The article emphasizes the need to enhance the transmission mechanism between bilateral investment and industrial chain innovation through fiscal incentives and support for R&D initiatives [5][6].