The China Circle

The China Circle

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As the British relinquish control of Hong Kong, the economic relationship among the People's Republic of China (PRC), Taiwan, and Hong Kong becomes especially significant. Despite political and diplomatic tensions, this relationship has grown phenomenally in recent years and continues to prosper. Known as the qChina Circle, q it is an important emerging economic region that cuts across political boundaries.This book is the first comprehensive study of the underlying economic dynamics that make the China Circle not only possible, but hugely successful. Yun-wing Sung, Barry Naughton, and Kong Yam Tan analyze the macroeconomic issues in each of the political entities that make up the China Circle. Michael Borrus, Chin Chung, Jean FranAsois Huchet, and Dieter Ernst focus one of the region's leading industries, electronics. With rapid changes in technology, firm strategy, and global markets driving its continuous restructuring, the electronics industry offers a detailed view of the factors that are shaping the region as a whole.To provide a complete economic picture of the China Circle today--and possible future developments--the contributors explore key issues including emerging divisions of labor, developing trade and investment patterns, and the effect of Hong Kong's return to China in July 1997.Written in an open and accessible style, the book is especially timely and more in-depth than anything currently available.Figure 8-3. Evolution of Foreign Technology Purchases in China, 1983-92 Billions of U.S. dollars 12 10 Equipment and technology 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 Source: Kang Songping. ... good opportunity to receive transfer of technology.40 That is particularly true for elementary technological capabilities (production, equipment utilization, maintenance, repair, quality control), anbsp;...

Title:The China Circle
Author:Barry Naughton
Publisher:Brookings Institution Press -


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