Industrial Policies and the Changing Patterns of Investment in the Chinese Economy
Bibliographic Data
| ID | 12519979 |
|---|---|
| Authors | Carsten A Holz (0000-0002-5335-8378, corresponding author) |
| Year | 2018 |
| Volume | 81 |
| Pages | 23-57 |
| Publication date | 2018-10-31 |
| Peer Reviewed | Yes |
| Open Access | No |
| Type | ARTICLE |
| Venue | The China Journal (JOURNAL) |
| Journal identifiers | ISSN: 1324-9347 • E-ISSN: 1835-8535 |
| Publisher | University of Chicago Press (PUBLISHER • US) |
| DOI | 10.1086/699877 |
| OpenAlex | W2899050676 |
| Language | EN |
| Citations received | 5 |
| References cited | 5 |
Investment has always played an important role in the economic development strategies of the People’s Republic of China. A major reform of the investment system in 2004 shifted the state’s focus from direct investment control to industrial policies designed to promote investment in specific economic sectors. But in reality, the industrial policies’ preferences have had little effect. The data suggest that investment patterns in China are largely divorced from the industrial policies, and, if anything, predate them. The significant shifts in investments across sectors and ownership forms that have taken place since the early 2000s appear driven far more by profitability considerations and private entrepreneurship than by government policies. The finding negates foreign concerns that the Chinese state via industrial policies such as “Made in China 2025” is creating national state-owned technological leaders
Business · China · Chinese economy · Economic system · Economics · Economy · Investment (military · Market economy · Political science · Economic Growth and Productivity · Global trade and economics
| Unique citing works | 5 |
|---|---|
| Citations per year | 1 |
| Citation span | 2021 - 2025 (5) |
| Citation velocity | recent |
| Highly cited | No |
| Citation types | Neutral: 5 |