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Subsidies to Chinese Industry
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Subsidies to Chinese Industry: State Capitalism, Business Strategy, and Trade Policy

Usha C.V. Haley and George T. Haley

Abstract

How did China move swiftly in capital-intensive industries without labor-cost or scale advantage from bit player to largest manufacturer and exporter? This book argues that industrial subsidies contributed significantly. Economic theories have 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, central and provincial governments produce, stabilize and ... More

Keywords: subsidies, China, trade, business strategy, government policy, state capitalism, WTO, energy, regulation, technology

Bibliographic Information

Print publication date: 2013 Print ISBN-13: 9780199773749
Published to Oxford Scholarship Online: May 2013 DOI:10.1093/acprof:oso/9780199773749.001.0001

Authors

Affiliations are at time of print publication.

Usha C.V. Haley, author
Harvard Kennedy School of Government

George T. Haley, author
University of New Haven

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