Regard(s) sur l'émergence d'une économie de marché en Chine[A Fresh Look at the Development of a Market Economy in China]

The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact successive waves of investment have emerged during the eighties and produced a piling-up of productive systems. A wave of small national enterprises and entrepreneurs, a second large wave...

Full description

Saved in:
Bibliographic Details
Published inIDEAS Working Paper Series from RePEc
Main Authors Arvanitis, Rigas, Miège, Pierre, Zhao, Wei
Format Paper
LanguageEnglish
Published St. Louis Federal Reserve Bank of St. Louis 01.01.2003
Subjects
Market economies
Online AccessGet full text

Cover

More Information
Summary:The Chinese economy does still not qualify as demand-driven economy. Its growth is based on investment. In fact successive waves of investment have emerged during the eighties and produced a piling-up of productive systems. A wave of small national enterprises and entrepreneurs, a second large wave of foreign direct investment from overseas Chinese mainly from Hong-Kong, South-East Asia and Taiwan and a wave of FDI from rich industrialized economies: Japan, South Korea, USA and Europe. The article presents these waves and the consequences of its occurrence. They also deal with the absence of confidence that seems to characterize the economy and dwelve on the difficulties of the growing market economy.