国际收支平衡表上投资收益项目几百亿美元的逆差,并不足以动摇我国宏观经济的稳定性,而外商直接投资带来的创造实际财富的能力才是我们最该珍视的东西。利用外资的得与失一向是社会热议的话题。2012年,国际收支平衡表初步数据中收益项目的235亿美元逆差,再次使利用外资的成本与收益问题升温。不少论者对此颇有“吃亏”之感,更有对中国引进外商直接投资的巨大规模追悔的。其实,只要全面审视债务融资和股权融资的得失风险,我们就不难理解,大规模利用外商直接投资为什么会成为 The deficit of tens of billions of dollars in investment receipts on the BOP is not enough to destabilize China’s macroeconomic stability. The ability to create real wealth brought about by foreign direct investment is what we deserve most. The use of foreign capital gains and losses have always been a hot topic in society. In 2012, the $ 23.5 billion deficit in revenue items in the preliminary balance of payments statement heats up the issue of costs and benefits of foreign capital utilization again. Many commentators have quite a sense of “losing money ”, and even regret the huge scale of China’s introduction of foreign direct investment. In fact, as long as we fully examine the risks and risks of debt financing and equity financing, we can easily understand why the large-scale use of foreign direct investment becomes