Do state-owned enterprises still hold sway over the Chinese economy? Economist Nicholas Lardy responds to that question, and lists out the five common misconceptions about China.
In December 1978, China began a series of economic reforms collectively termed as the “Reform and Opening Up” policy led by Deng Xiaoping, through which the country embraced “socialism with Chinese characteristics”. Since then, China’s policy makers have walked a winding path towards prosperity, herding the nation’s behemoth state-owned enterprises (SOEs) and an increasingly vibrant private sector in […]
Why would a steel company get into a wildly-unrelated area such as pig breeding?
China is not suffering for lack of international attention. Between its booming economy, its controversial monetary policy, and its newfound role as the world’s banker, there’s been no dearth of China news in the West. Yet international investors still know relatively little about the country they deem so important. And, sometimes, with ignorance comes fear. […]
Chinese Direct Investments on the Rise despite Obstruction Recent years have seen a surge in Chinese direct investment in the US. From 2003 to 2010, Chinese businesses established operations and created jobs in at least 35 of the 50 states in the US. During these eight years, there have been a total of 244 Chinese […]