China's lagging openness to FDI leads to negative tech spillover.
The article shows that when China doesn't keep up with foreign investment, it can hurt the spread of new technology. By looking at data from different parts of China over several years, the researchers found that being more open to foreign investment can lead to better technology sharing. They also discovered that this effect can vary depending on where and when it happens. To get the most out of foreign investment, China should focus on being more open to it.