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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 industrialization.
Currently industry accounts for nearly two-fifths 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.
Chinese outward direct investment (ODI) is growing rapidly in
recent years. As an important phenomenon in the global economy,
China's ODI deserves more thorough analysis. This book looks at
China's ODI activities from multi-perspectives. With the
rebalancing of China's own structural growth and China's shift
towards a net capital exporter, her initiatives such as "One Belt
One Road (OBOR)" have brought profound implications to the
traditional super-sovereign or multilateral financial and
investment cooperation mechanism. As her investment destinations
and investment methods become more diversified and sophisticated,
this book offers unique and refreshing insight into China's ODI
activities. The book covers the whole range of history and policy
development of China's ODI and analyses China's ODI trends and
characteristics in the recent years. It reviews China's major
policy changes after the Third Plenary Session of the 18th Central
Committee of the Communist Party and how they may impact China's
ODI strategy and activities. The book addresses potential
challenges and risks of rising ODI activities from practitioners'
perspective, and discusses how recipient countries may react and
respond to the surge of Chinese capital. The book also offers
policy implications and future research agenda in relation to the
Chinese investments.
There is concern in China that the strategy which has delivered
massive economic growth is unsustainable in the long run, that
China s economy is too dependent on low value added manufacturing
and not enough based on high value technological innovation. This
book assesses the policies implemented in recent years to address
this, policies which include increasing the pool of human capital,
especially by training very large numbers of graduate engineers,
investing massively in improved infrastructure such as institutions
of higher education, telecommunications and transport, and
providing financial incentives both direct government funding for
private sector innovation activities and fiscal incentives which
encourage innovation by reducing the tax burden on innovators. The
book examines the impact of these policies, providing detailed
studies of firms innovation activities both in particular sectors
and in particular regions. Throughout, the book discusses how
effective China s innovation policies are and how innovation in
China is likely to develop in future."
Chinese outward direct investment (ODI) is growing rapidly in
recent years. As an important phenomenon in the global economy,
China's ODI deserves more thorough analysis. This book looks at
China's ODI activities from multi-perspectives. With the
rebalancing of China's own structural growth and China's shift
towards a net capital exporter, her initiatives such as "One Belt
One Road (OBOR)" have brought profound implications to the
traditional super-sovereign or multilateral financial and
investment cooperation mechanism. As her investment destinations
and investment methods become more diversified and sophisticated,
this book offers unique and refreshing insight into China's ODI
activities. The book covers the whole range of history and policy
development of China's ODI and analyses China's ODI trends and
characteristics in the recent years. It reviews China's major
policy changes after the Third Plenary Session of the 18th Central
Committee of the Communist Party and how they may impact China's
ODI strategy and activities. The book addresses potential
challenges and risks of rising ODI activities from practitioners'
perspective, and discusses how recipient countries may react and
respond to the surge of Chinese capital. The book also offers
policy implications and future research agenda in relation to the
Chinese investments.
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