Foreign investment refers to the private direct investment made by foreign companies, enterprises, other economic organizations or individuals in People's Republic of China (PRC) according to the laws of People's Republic of China (PRC). 1. Micro-effects of utilizing foreign capital on China's economic development. The absorption and utilization of foreign capital is conducive to making up for the shortage of domestic construction funds and promoting investment growth. Since 1990s, China's economy has been growing at a high speed, and the investment rate has been increasing year by year. In the process of expanding investment, foreign investment has become an important way for all localities to borrow and realize investment expansion. In foreign-funded enterprises, 70% of the total investment is invested by foreign investors in machinery and equipment, that is, about 70% of the funds are invested in the construction of fixed assets. Foreign direct investment has become an important source of funds for China's economic construction. In order to encourage foreign investors to invest in our country, our government has given many preferential policies to foreign-funded enterprises, especially in taxation. Therefore, in the early days of introducing foreign capital, the government did not get much tax from these enterprises. But when these enterprises grow up, the government's foreign-related enterprise tax will increase substantially. This is like making the cake bigger, the proportion smaller and the total amount considerable. The main purpose of introducing foreign capital in China is to learn advanced science, technology and management experience from foreign companies, so as to speed up the modernization of China. At present, most foreign-funded enterprises in China adopt practical technology, which can make full use of China's surplus labor force and give play to their comparative advantages. Foreign-funded enterprises also bring advanced management experience, training employees and on-site cooperation between Chinese and foreign personnel. This kind of soft technology exchange is conducive to accelerating the development of production technology. 2. Macro-impact of foreign capital utilization on China's economic development The impact of foreign capital utilization on domestic macro-economic policies is generally positive. It has promoted China's economic growth and eased our employment pressure to some extent. However, it has also brought some impacts on our monetary policy and foreign exchange policy. As long as it is handled properly, these adverse effects can be avoided and minimized. With the rapid expansion of the scale of attracting foreign investment in China, foreign-funded enterprises have absorbed a large number of surplus labor in China, which has alleviated the employment pressure in China to some extent. Since the middle and late 1990s, with the increase of investment cost, land price and commodity price for job creation, the technical component of foreign capital has gradually increased, and the increase of capital-intensive enterprises has led to the substitution of capital for labor, and the role of foreign capital in job creation has weakened. Generally speaking, the investment demand formed by foreign capital inflow will also increase the domestic money supply. The introduction of foreign capital will aggravate the expansion of domestic demand, the shortage of domestic energy, transportation and raw material supply, and push up the prices of means of production. Foreign investment has become one of the important factors for the growth of fixed assets in China. A considerable part of foreign capital flows in the form of currency, and the central bank's purchase of foreign exchange has formed a huge amount of foreign exchange, which has increased the investment of the base currency, so the inflow of foreign capital may increase the domestic inflationary pressure.

Legal objectivity:

Arbitration Law Article 21 A party applying for arbitration shall meet the following conditions: (1) There is an arbitration agreement; (2) There are specific arbitration claims, facts and reasons; (3) It falls within the scope of acceptance by the Arbitration Commission. Article 22 When applying for arbitration, a party shall submit an arbitration agreement, an arbitration application and a copy thereof to the Arbitration Commission. Article 24 If the Arbitration Commission finds that the application for arbitration meets the acceptance conditions within five days after receiving it, it shall accept it and notify the parties concerned; If it considers that it does not meet the acceptance conditions, it shall notify the parties in writing that it will not accept it and explain the reasons.