National Industries Can Hardly Ride the Waves If They Do Not Weather Storms

Li Guo and Jin Bei

Chinese Economy, 1997, vol. 30, issue 3, 54-59

Abstract: In recent years, along with the opening of our domestic markets and the massive influx of foreign capital, China's national industries have come up against challenges of unprecedented magnitude. The markets for such products as cosmetics, beer, soft drinks, and home electrical appliances have been nibbled away one by one by foreign businesses, and our country's products are losing portion after portion of their original market share. Many people are ridden with anxiety about this; some are even raising a warning cry: "China's national industries are in their moment of greatest peril." How, in the final analysis, should we regard this issue in an all-around and objective manner? With this in mind, our reporter interviewed Dr. Jin Bei of the Institute of Industrial Economics of the Chinese Academy of Social Sciences.

Date: 1997
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