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Policy, Regulation and Innovation in China's Electricity and Telecom Industries (Paperback)
Loot Price: R1,151
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Policy, Regulation and Innovation in China's Electricity and Telecom Industries (Paperback)
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The scale of China's innovation ambitions inspires worldwide
commentary, much of it poorly informed. Focusing on electricity,
telecommunication and semiconductors, this book offers a richly
detailed account of China's innovation efforts. Massive application
of human, policy and financial resources shows great promise, but
institutional obstacles, conflicting objectives, ill-advised
policies and Soviet-era legacies inject inefficiencies, resulting
in a complex mosaic of success and failure in both technical and
commercial dimensions. State Grid leads the world in high-voltage
power transmission, while domestic semiconductors lag behind the
international frontier. Electricity and telecom providers record
impressive technical advances, but overinvestment and inefficient
operation contribute to high costs and prices. Nuclear power
combines technical excellence with commercial weakness. Cost
reduction rather than new technology underpins commercial success
in solar materials. The book's granular studies look beyond
specific technologies to incorporate the policy matrix, regulatory
structures and global developments into the appraisal of China's
innovation achievements.
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