In this book, Yasheng Huang makes a provocative claim: the large absorption of foreign direct investment (FDI) by China is a sign of some substantial weaknesses in the Chinese economy. The primary benefits associated with China's FDI inflows are concerned with the privatization functions supplied by foreign firms, venture capital provisions to credit-constrained private entrepreneurs, and promotion of interregional capital mobility. Huang argues that one should ask why domestic firms cannot supply the same functions. China's partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese economy.Shanghai muffler producer increased its output volume from 175, 000 in 1995 to 280, 000 in 1996. The financial impact was ... It won contracts to supply to FAW- Volkswagen and Nanjing-Iveco for their Jetta and Iveco series respectively. Its work force ... aquot;When you have problems, aquot; he reportedly said, aquot;come find me. We mustanbsp;...
|Publisher||:||Cambridge University Press - 2003|