Subsidies To Chinese Industry: State Capitalism, Business Strategy, And Trade Policy

Subsidies To Chinese Industry: State Capitalism, Business Strategy, And Trade Policy

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How Did China Move So Swiftly In Capitalintensive Industries Without Laborcost 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 Nonmarket Criteria. However, China'S Statecapitalist 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 Markettransition Theory, The Multiorganizational Chinese State, And State As Paramount Shareholder, Create Complex And Relevant Understandings Of Chinese Subsidies. The Authors Develop Independent Measures Of Industrial Subsidies Using Publiclyreported Data At Firm And Industry Levels From Governmental And Private Sources. Subsidies Include Free To Lowcost 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 (20002007), Glass (20042008), Paper (20022009) And Auto Parts (20012011). 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 Nonmarket (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).

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We provide a 2-year limited warranty, from the date of purchase for all our products.

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This warranty strictly does not cover damages that arose from negligence, misuse, wear and tear, or not in accordance with product instructions (dropping the product, etc.).

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