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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.

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Book Details

ISBN: 9780521814287
ISBN-10: 0521814286
Format: Hardback
(228mm x 152mm x 27mm)
Pages: 408
Imprint: Cambridge University Press
Publisher: Cambridge University Press
Publish Date: 16-Dec-2002
Country of Publication: United Kingdom

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Author Biography - Yasheng Huang

Yasheng Huang is Associate Professor at the Sloan School of Management, Massachusetts Institute of Technology. He formerly taught at the Harvard Business School. Professor Huang is also the author of Inflation and Investment Controls in China (Cambridge, 1996). He is a recipient of the Social Science Research Council - McArthur Foundation Fellowship.

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Selling China by Yasheng Huang

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