Abstract: This paper adopts the factor analysis method to evaluate and compare the FDI utilizing qualities in 16 high-tech industries. The results indicate that there is a bigger gap between FDI utilizing qualities in different industries, which has a stable tendency. Among the factors influencing the FDI utilizing qualities, the quantity contribution of FDI plays a decisive role. The contribution of FDI to such aspects as the industrial system, technology level and economic quality has a limited effect on the FDI utilizing quality. This tells us that the mode of FDI in high-tech industries is quantity-type rather than quality-type, and the overall quality is lower. However, different factor has different effect on the FDI utilizing quality of different industry. Among the industries with lower FDI utilizing qualities, the quantity contribution of FDI has more effect on the FDI utilizing quality; otherwise, the contributions of FDI to the other aspects have more effects on the quality. The immediate cause is that the industrial FDI utilizing level can decide the quality. The underlying reason is that the foreign enterprises strictly control the technology by importing the intermediate inputs with core technology, which restricts the improvements in technical level, input-output ratio and technologic spillover effects. Therefore, fine turning of the policy of FDI should be made. The policy of encouraging FDI into high-tech industries should include supplementary measures such as stipulating the degree of production localization for foreign-funded enterprises, so as to improve the technology level, expand the technology spillover effect, promote the structural optimizing and improve the economic quality.

Key words: high-tech industry; FDI utilizing quality; policy of FDI