Selling China: Foreign Direct Investment During the Reform Era

by Yasheng Huang

• ISBN13: 9780521608862
• ISBN10: 0521608864
• Format: Paperback
• Copyright: 2005-01-10
• Publisher: Cambridge University Press

Summary

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.

Table of Contents

List of Tables and Figures	x
List of Abbreviations	xiii
Synopsis of the Book	xv
Preface	xvii
1 Introduction	1	(64)
Appendix: Data Issues in the Third Industrial Census	63	(2)
2 An Analytical Framework	65	(41)
Appendix	99	(7)
3 Problems in China's Corporate Sector	106	(45)
Appendix: Why TVEs Can Be Successful	149	(2)
4 Constraints on Nonstate Firms and Foreign Direct Investment	151	(61)
Appendix	205	(7)
5 State-Owned Enterprises and Insolvency-Induced Foreign Direct Investment	212	(48)
Appendix: SOE Insolvency and JV Acquisition	255	(5)
6 Economic Fragmentation and Foreign Direct Investment	260	(48)
Appendix	303	(5)
7 Conclusion	308	(43)
Bibliography	351	(22)
Index	373