It still remains to be seen whether China will produce the effect of fiscal squeeze by issuing national debt to enlarge fiscal expenditure.

A Study on FDI s Crowd-out Effect on China s Domestic Investment;

FDIsignificantly affect the hosting country s Domestic investment, this is reflected in the types of crowd-in and crowd-out effects to the hosting countries.

In a long run, the crowd-out effect of FDI will weaken the basic forces that consistently drive the economic growth of Jiangsu Provin.

Recent financial expansion by means of issuing of national debts has not reached extrusion effect.

The strategy that firms seek too many workers with higher degree certificate gives arise to the extrusion effect of labor market which makes workers with higher degree certificate extrude the ones with lower degree certificate.

Although FDI accelerates the growth of GDP,mitigate the employment pressure in China,it has several negative effects at the mean time,for example,polluting the environment,enlarging the finance risks,causing "extrusion effect" to native capital and so on.

A research on several theories about the crowding out effect of fiscal policy;

The article studied the crowding out effect of the Pay-as-you-go financed public pensions in a model of endogenous economic growth and fertility.

Using a panel dataset of the manufacturing industry from 2001 to 2004 in Beijing,we make an empirical study on the spillover effects of FDI and find that crowding out effects of FDI are more significant than spillover effects on domestic enterprises as a whole,while FDI shows significant positive spillover effects on state-owned.