1 / 9

Discussion: Political and Institutional Factors in China’s Innovation and Growth Strategy

Discussion: Political and Institutional Factors in China’s Innovation and Growth Strategy. Yang Jiang. ‘Scientific Decision’?. Concentration of distributional power: NDRC, MII, SASAC; local governments, banks Problems with 4 trillion stimulus: retarded/fake projects

Download Presentation

Discussion: Political and Institutional Factors in China’s Innovation and Growth Strategy

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Discussion: Political and Institutional Factors in China’s Innovation and Growth Strategy • Yang Jiang

  2. ‘Scientific Decision’? • Concentration of distributional power: NDRC, MII, SASAC; local governments, banks • Problems with 4 trillion stimulus: • retarded/fake projects • lack of environmental/design/land usage approval • moved to other uses (financial derivatives, cars, real estate etc.) • overcapacity • strengthening of SOEs vis-a-vis SMEs and MNCs

  3. Strategic Industries

  4. Policies • forced transfer of technology • weak IPR protection • overseas M&A

  5. Company-led Innovation • 1984 Legend--China Academy of Science $25,000 • 2005 Acquisition of IBM PC • Research centres in Japan, China, US • 2009 acquisition of Seattle-based Switchbox Labs • headquarter in New York • No. 1 applicant of patents (under the Patent Cooperation Treaty) world wide in 2008; • No.1 applicant in China for 6 years; • But on adaptability, process, enhancement

  6. Mercedes C vs Geely Merrie 300 Daewoo Matiz vs Chery QQ Smart vs er. Chinese Smart

  7. Analytical Frameworks • local meso-corporatism; fragmented authoritarianism (Lieberthal and Oksenberg 1990) • competition led growth; ‘championship mentality’

  8. How changeable are institutions? • Discourse: COP15 • Social unrest: rural development • Learning: the Nordic model • Crisis: large-scale withdrawal of MNCs? Bubbles and bad loans

More Related