China's Evolving Industrial Policies and Economic Restructuring

China's Evolving Industrial Policies and Economic Restructuring

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In the past three decades, China has successfully transformed itself from an extremely poor economy to the worlda€™s second largest economy. The countrya€™s phenomenal economic growth has been sustained primarily by its rapid and continuous industrialisation. Currently industry accounts for nearly two-fifth of Chinaa€™s gross domestic product, and since 2009 China has been the worlda€™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 Chinaa€™s increasing success in new technology-intensive industries. It also demonstrates how Chinaa€™s industrial policies are linked to development of industrial clusters and regions.In short, automobile manufacturing and engine manufacturing are in many cases vertically disintegrated in China. ... and Fumia of Italy, and engineering and development work to Lotus Engineering and MIRA in the UK (Marukawa, 2011; Whittaker et al., 2010). ... Let us formally check whether there is economy of scale or not in the industry by regression analysis. ... Competition in the light truck segment, for example, was very severe because there were many light truck manufacturersanbsp;...

Title:China's Evolving Industrial Policies and Economic Restructuring
Author:Zheng Yongnian, Sarah Y. Tong
Publisher:Routledge - 2014-07-11


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