Selling China

 
Citation
Title:
Selling China
Author:
Editor:
City:
Publisher:
Cambridge University Press
Year:
2003
Volume:
No. of Volumes:
Edition:
1st edition
Pages:
384
Series Volume:
Series Editor:
Series Title:
Translator:
Language:
English
URL:
DOI:
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License
Select License
ISBN:
9780521814287
9780521814287
Last Updated:
June 24th, 2012
Abstract

China is one of the most popular investment destinations in the world. For a number of years in the 1990s, China was the second largest recipient of foreign direct investment (FDI) in the world. Many hail Chinaís large FDI absorption as a celebrated achievement of reforms. The central claim of this book is that the large absorption of FDI by China is a sign of some substantial weaknesses in its economy. FDI inflows into China surged in the 1990s because domestic firms were uncompetitive and they failed to capitalize on new business opportunities. Foreign firms responded by investing in China. Chinaís partial reforms, while successful in increasing the scope of the market, have so far failed to address many allocative inefficiencies in the Chinese economy.


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