Chinas Industrial Policy Transformation Theory And Practice

Download or read book China's Industrial Policy Transformation written by Hanquan Huang and published by World Scientific Publishing Company. This book was released on 2020 with total page 358 pages. Available in PDF, EPUB and Kindle. Book excerpt: "In the recent two years, the debate on industrial policy has been in full swing among the academic circle. It is generally believed that the crux is not whether China needs industrial policies, but rather, what kind of industrial policies it wants. This book believes that profound changes have occurred to the domestic and international environment, institutional background, and factor conditions during China's industrial development. As such, industrial policies must transform to return to the origin of making up for "market failures," while "government failures" should be avoided. To this end, it is suggested to establish a "market-friendly" industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an "interactive and cooperative" government-market relationship to help transform and upgrade China's industries"--