Scott Kennedy
One clear goal of China is to be a high-tech leader, and one indicator is to be a leading exporter of high-tech products. Historically, most high-tech exports have come from foreign-invested enterprises (FIEs), both subsidiaries of multinationals as well as Chinese-foreign joint ventures. In the 2000s, such firms accounted for well over 80 percent of China’s high-tech exports. In 2011, in fact, they accounted for 84.2 percent of high-tech exports.I’ve not looked at this data for a while, and I was curious to what extent the pattern has changed under Xi Jinping. As everyone knows, over the last decade Chinese policies have given greater support to state-owned enterprises (SOEs), giving rise to the idea of “state ahead, private back” (ε½θΏζ°ι, guojin mintui). Private companies have only episodically received state support, and in fact, for the last year and a half there has been a massive crack down on private Internet services firms.
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