4[填空题,20分]
International investment can be classified into two categories: portfolio investment and foreign direct investment. portfolio investment is a kind of investment in 1 the investor does not exercise any managerial control. The investor either holds foreign bonds or other non-equity 2 which do not confer ownership rights or the investor holds stock shares (or other equities)in a foreign company in an amount 3 small to exercise any managerial control. In 4 foreign direct investment is a 5 equity investment in a foreign company that gives the investor managerial control 6 that company, foreign derect investments are mainly 7 out by multinational corporations . surveys and cases studies indicate that their common 8 for making foreign direct investments are based on strategic considerations involving market 9 ,technological know-how, reducing 10 of distribution and transportation, labor, raw materials and political factors.