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Subsidies to Chinese Industry : State Capitalism, Business Strategy, and Trade Policy by Usha C. V. Haley, George T. Haley is a nonfiction available to read on EtoBox.

What is Subsidies to Chinese Industry : State Capitalism, Business Strategy, and Trade Policy about?

How did China move so swiftly in capital-intensive industries without labor-cost or scale advantage from bit player to the largest manufacturer and exporter in the world? This book argues that subsidies contributed significantly to China's success. Industrial subsidies in key Chinese manufacturing industries may exceed thirty percent of industrial output. Economic theories have mostly portrayed subsidies as distortive, inefficiently reallocating resources according to non-market criteria. However, China's state-capitalist regime uses subsidies to promote the governments'and the Communist Party of China's interests. Rather than aberrations, subsidies help Chinese businesses and governments produce, stabilize and create common understandings of markets; the flows of capital reflect struggles between critical Chinese actors including central and provincial governments. Concepts of state capitalism including market-transition theory, the multi-organizational Chinese state, and state as paramount shareholder, create complex and relevant understandings of Chinese subsidies. The authors develop independent measures of industrial subsidies using publicly-reported data at firm and industry

Who reads Subsidies to Chinese Industry : State Capitalism, Business Strategy, and Trade Policy?

Author

Usha C. V. Haley, George T. Haley

Publisher

Oxford ; New York: Oxford University Press

Published

2013

Language

EN

ISBN

9780199773749

Category

nonfiction

Subjects

Political Science, Finance, Economics