Subsidies to Chinese industry : state capitalism, business strategy, and trade policy
Author(s)
Bibliographic Information
Subsidies to Chinese industry : state capitalism, business strategy, and trade policy
Oxford University Press, c2013
- : hbk
Available at 10 libraries
  Aomori
  Iwate
  Miyagi
  Akita
  Yamagata
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  Tochigi
  Gunma
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  Tokyo
  Kanagawa
  Niigata
  Toyama
  Ishikawa
  Fukui
  Yamanashi
  Nagano
  Gifu
  Shizuoka
  Aichi
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  Kyoto
  Osaka
  Hyogo
  Nara
  Wakayama
  Tottori
  Shimane
  Okayama
  Hiroshima
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  Tokushima
  Kagawa
  Ehime
  Kochi
  Fukuoka
  Saga
  Nagasaki
  Kumamoto
  Oita
  Miyazaki
  Kagoshima
  Okinawa
  Korea
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  United Kingdom
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  United States of America
-
Library, Institute of Developing Economies, Japan External Trade Organization図
: hbkAECC||336||S218395079
Note
Includes bibliographical references (p. 211-222) and index
Description and Table of Contents
Description
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 levels from governmental and private sources. Subsidies include
free to low-cost loans, subsidies to energy (coal, electricity, natural gas, heavy oil) and to key inputs, land and technology. Four sequential studies identify the growth of subsidies to Chinese manufacturing over time and effects on world industry: steel (2000-2007), glass (2004-2008), paper
(2002-2009) and auto parts (2001-2011). Subsidies to Chinese industry affect and are affected by business strategy and trade policy. Business strategies include lobbying for subsidies and for protection from subsidized foreign competitors and managing supply chains to guard against whiplash effects of uncoordinated subsidies. The subsidized solar industry highlights how global business strategies and decisions on production location and technology development respond to production or
consumption subsidies and include market (competitive) and non-market (political) strategies. The book also covers government policies and regulation on subsidies broadly focusing on domestic consumption (antidumping and countervailing duties) and domestic production (indigenous innovation).
Table of Contents
- Contents
- Preface: Contributions, Chapter Outlines, Acknowledgements
- Chapter 1. The Hidden Advantage of Chinese Subsidies
- Chapter 2. Measuring Subsidies to Chinese Industry
- Chapter 3. Steely Commitment: Subsidies to China's Steel Industry
- Chapter 4. Through the Looking Glass: Subsidies to China's Glass Industry
- Chapter 5. No Paper Tiger: Subsidies to China's Paper Industry
- Chapter 6. Pedal to the Metal: Subsidies to China's Auto-Parts Industry
- Chapter 7. Subsidies, Business Strategy and Trade Policy
- Bibliography
- Appendix Four letters: 3 from US Congress and one from the US White House.
by "Nielsen BookData"