65、 on the investment decision of foreign firms. The high concentration of foreign firms does not imply that they concentrate on one location only. Instead they spread their total investment across different localities. Responding to regulatory arbitrage is one reason. Another reason is that by doing s 。

【Foreign|Foreign firms in China Successstrategic choices】66、o the “confiscation risk” and weak contractual enforcement can be avoided. These considerations explain the following feature of foreign investment in China: An overview of the global 500 MNCs shows that most of those who are present in China have invested in two or more locations, with Mitsubishi as the extreme having established 131 subsidiaries。

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标题：Foreign|Foreign firms in China Successstrategic choices( 五 )