From Dirigisme to Realism: Chinese Industrial Policy in the Era of Globalisation

Jean-François Huchet ()
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Jean-François Huchet: INALCO-Langues’O, Sorbonne Paris Cité

Chapter 4 in Strategies of Multinational Corporations and Social Regulations, 2014, pp 57-76 from Springer

Abstract: Abstract The 2012 “Fortune 500” classification of the world’s largest companies includes 73 Chinese firms (32 for France and 68 for Japan), whereas there were none only 15 years ago. Meanwhile, Chinese firms are increasing their overseas operations with nearly $60 billion of foreign direct investment per year, on average since 2008, compared to less than $1 billion annually before 2000. Fifteen years ago, Chinese exports were mainly composed of primary products and goods with a low technological content. Today they are rapidly concentrating on products in the information industry. Research and development (R & D), which was totally lifeless in the early 1980s, has also experienced brisk development since the late 1990s: China is now the world’s second largest publisher of scientific journals and ninth in the number of patents filed in the United States in 2009.

Keywords: Foreign Direct Investment; Central Government; Banking Sector; Industrial Policy; Industrial Structure (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-41369-8_4

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DOI: 10.1007/978-3-642-41369-8_4

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