China's Evolving Industrial Policies and Economic Restructuring

China's Evolving Industrial Policies and Economic Restructuring
Author: Zheng Yongnian
Publisher: Routledge
Total Pages: 287
Release: 2014-07-11
Genre: Social Science
ISBN: 1317818814

In the past three decades, China has successfully transformed itself from an extremely poor economy to the world’s second largest economy. The country’s phenomenal economic growth has been sustained primarily by its rapid and continuous industrialisation. Currently industry accounts for nearly two-fifth of China’s gross domestic product, and since 2009 China has been the world’s largest exporter of manufactured products. This book explores the question of how far this industrial growth has been the product of government policies. It discusses how government policies and their priorities have developed and evolved, examines how industrial policies are linked to policies in other areas, such as trade, technology and regional development, and assesses how new policy initiatives are encouraging China’s increasing success in new technology-intensive industries. It also demonstrates how China’s industrial policies are linked to development of industrial clusters and regions.

China's Industrial Policy Transformation

China's Industrial Policy Transformation
Author: Hanquan Huang
Publisher: World Scientific Publishing Company
Total Pages: 358
Release: 2020
Genre: Political Science
ISBN: 9789811224072

"In the recent two years, the debate on industrial policy has been in full swing among the academic circle. It is generally believed that the crux is not whether China needs industrial policies, but rather, what kind of industrial policies it wants. This book believes that profound changes have occurred to the domestic and international environment, institutional background, and factor conditions during China's industrial development. As such, industrial policies must transform to return to the origin of making up for "market failures," while "government failures" should be avoided. To this end, it is suggested to establish a "market-friendly" industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an "interactive and cooperative" government-market relationship to help transform and upgrade China's industries"--

China

China
Author: Inderjit Singh
Publisher: World Bank Publications
Total Pages: 136
Release: 1992
Genre: Business & Economics
ISBN:

This report focuses on the industrial policies that are required to support China as it moves from a centrally planned economy to a mixed planned and market economy. The rationale for the report is twofold. First, while there is agreement that the Chinese economy eventually must evolve from a centrally planned system to a mixed planned and market system there is no consensus on the policies and institutions required to expedite this process. Second, the economy in transition has developed its own characteristics and dynamics which make it difficult to arrive at sound policies for expediting the change process. However, this report is limited in scope and therefore will focus on three primary tasks. The first is to clarify the role that the state investment system is expected to play in managing and guiding the industrial economy over the medium term. The second task is to define the role and limitations of indirect policy instruments in controlling the direction of industrial development. The third task is to examine what further changes are needed to make industrial enterprises more responsive to the mix of direct and indirect policy measures that will continue to dominate in the medium term.

Industrial Change in China

Industrial Change in China
Author: Kate Hannan
Publisher: Routledge
Total Pages: 212
Release: 2012-10-12
Genre: Political Science
ISBN: 1134716346

This book analyses the industrial reform measures taken by the Chinese government during the decade 1985-95 and identifies the economic and political tensions and contradictions that state enterprise reform has presented to a leadership intent on maintaining its authoritative political position. Using government sources and interviews with economists and workers at one of China's largest state-owned enterprises (The Second Automobile/Dongfeng corporation ), Hannan concludes that the relationship between state policy and enterprise is a complex two-way process characterised by tensions resulting from conflicting priorities.

China's Qualitative Economic Transformation

China's Qualitative Economic Transformation
Author: Xianming Yang
Publisher: Springer Nature
Total Pages: 315
Release: 2023-03-08
Genre: Business & Economics
ISBN: 9811944377

This book explores the challenges China has faced during its economic restructuring, including trade wars, rising costs of labor and land, climate change, recalcitrant state-owned enterprises, an aging population and other problems. Since its historic reform and opening up, China has achieved and sustained remarkable economic growth driven primarily by manufacturing and the real estate industry. As the country continues to move up the supply chain, "Made in China," once synonymous with poor quality, but has come to mean advanced technologies. China’s future economic growth and its success in economic restructure will depend crucially on the dynamic evolution of the country’s comparative advantages. Contributors examine how the dynamic evolution of China’s comparative advantages can help the country overcome two closely related problems: heavy dependence on low value-added exports and the prospects of falling into the middle-income trap. The book will be of value to researchers interested in China’s economic development and policies.

China's Industrial Technology

China's Industrial Technology
Author: Shulin Gu
Publisher: Routledge
Total Pages: 440
Release: 2004-01-14
Genre: Business & Economics
ISBN: 1134738323

Offering a comprehensive review of reform policy, followed by an examination of major approaches to institutional restructuring, Shulin Gu explores the way in which China's industrial technology has responded to economic reforms. At the heart of the work is the argument that market reform and organisational change are closely interdependent. Gu outlines the interaction of the two in China and reveals the damage which may result if market reform is not accompanied by new organisational design. Analysis of these issues is drawn from first-hand experience of Chinese technology systems, supported by insights from technological innovation economics and transaction cost economics.

Trade, Industrial Restructuring and Development in Hong Kong

Trade, Industrial Restructuring and Development in Hong Kong
Author: Ho Yin-Ping
Publisher: Springer
Total Pages: 315
Release: 2016-07-27
Genre: Business & Economics
ISBN: 1349110388

Focusing on trade in manufactures, industrial restructuring and economic development and enforced by a rich source of data, this book offers an in-depth examination of the evolution and characteristics of Hong Kong's postwar economy. The book presents an historical and comparative perspective and analyses the symbiotic connection with South China in the light of China's open-door policy since late 1970s, as well providing a thoughtful assessment of its current turning point.

China's Centralized Industrial Order

China's Centralized Industrial Order
Author: Chen Li
Publisher: Routledge
Total Pages: 243
Release: 2014-11-13
Genre: Business & Economics
ISBN: 1317910540

This book is about the political economy of China’s industrial reform and the rise of a group of Chinese big businesses under the Communist Party and the central state’s control. It examines the origins, evolution and institutional configuration of this centralized system in governing the ‘commanding heights’ of the Chinese industrial economy. Shaped by persistent industrial policies to develop China’s ‘national champions’ enterprises, the core parts of China’s central industrial ministries and mono-bank system have been transformed into a ‘national team’ of giant modern business firms in industries such as oil, power generation, telecommunications, aerospace, aviation, nuclear, shipbuilding, mining, construction, automobile and banking. Through an adaptive process of learning, experimentation and restructuring, the bedrock of the authority relations and control mechanisms among the Party, government bureaucracy and firms has been consolidated rather than dismantled in the system’s transformation. This alternative view of China’s industrial reform presents a direct challenge to the neo-liberal transition model of China’s institutional development and the mainstream Western conceptions of Chinese big business.

The New Chinese Dream

The New Chinese Dream
Author: Francesca Spigarelli
Publisher: Springer Nature
Total Pages: 148
Release: 2021-05-28
Genre: Business & Economics
ISBN: 3030698122

This volume describes the most salient changes faced by key Chinese industry sectors as defining components of global and domestic macroeconomic performance. Set within the context of the Global China 2049 initiative, which aims to transform the country into a fully advanced and developed nation, chapters focus specifically on industrial policies that are considered to be one of the main determinants of Chinese growth. Covering sectors such as healthcare, aerospace, microprocessors and other data driven industries, chapters highlight the pitfalls and anticipated successes of Chinese firms operating in the global competitive market. Importantly, the book fosters debate on how Chinese industries will achieve competitive growth in the post-pandemic era. Ultimately the book discusses the likelihood of China achieving a leading position in terms of processes and innovation and suggests a road to future research on China’s industrial trajectory. Francesca Spigarelli is Associate Professor of Applied Economics, at the University of Macerata and Director of the China Center. She is Vice Rector for Entrepreneurship and Technological Transfer and for European research policy and is member of the board of Chinese Globalization Association (www.chinagoesglobal.org). John McIntyre has been Director of the Georgia Tech Center for International Business Education and Research (CIBER), a national center of excellence, since 1993 and a full Professor of International Business Management and International Relations with joint appointments in the College of Management and the Sam Nunn School of International Affairs of the Georgia Institute of Technology, Atlanta, Georgia.