Abstract
According to UNCTAD's Global Investment Trends Monitor 2021, China has already surpassed the United States in attracting foreign direct investment (FDI) in 2020, thus becoming the world's largest foreign capital inflow country. Cross-border capital flows bring benefits but also come with risks, especially short-term cross-border capital is profit-seeking, easy to overshoot and pro-cyclical, and short-term capital moving in and out in a big way, fast in and out, can easily trigger cross-
中国跨境资本流动风险影响因素实证分析-18206字.docx