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Selling China

Foreign Direct Investment during the Reform Era

Selling China by Yasheng Huang
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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.
Cambridge University Press; December 2002
407 pages; ISBN 9780511058554
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Title: Selling China
Author: Yasheng Huang
 
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ISBNs
0511058551
9780511058554
9780521814287