There is a general consensus that liberal policies related to FDI inflows spur growth, that FDI works as a catalyst for development and that it is a real force in integrating a developing economy into the global economy (World Bank, 2005). FDI has been vitally important in China's contemporary reform and growth strategy, and China has been a categorical success in attracting it. FDI was instrumental in engendering thousands of foreign-invested enterprises (FIEs), which in turn played an exceedingly important role in China's growth and globalization endeavors. Little wonder that China is riding the front wave of current globalization.