ChineseEconomicPolicysincetheGlobalFinancialCrisis.pptVIP

* * * Finally, the Impact of Indigenous Innovation on foreign parties Inevitably, these protectionist policies will create friction with foreign partners and technology providers On one side: Foreign businesses, particularly in high-tech sectors, find it is increasingly difficult to navigate the maze of discretionary preferential policies. They feel constrained in their ability to cooperate profitably with Chinese firms. Public complaints by, among others, GE and Siemens, indicate the depth of dissatisfaction. On the other side: A major change is taking place in patterns of resource allocation in China, particularly those that link China to foreign technology suppliers. China is already buy less technology abroad and investing much more domestically. This change will end up imposing substantial unanticipated costs on Chinese development. 5. Conclusion China has embarked on a major re-orientation of development strategy in the wake of the 2008-2009 global economic crisis. The full implications of this shift will not be evident for several years. If China were to succeed in all its high technology initiatives, the result would be a profound upheaval in global relations. More likely, China will succeed in a handful of cases, and will have to manage the after-effects of mixed results and outright failure for the majority of these bold initiatives. Even on this account, however, five to ten years from now, China will have moved decisively up the global technology rankings, contributing a far higher share of sophisticated value-added. The main credit for this, though, will be the investment in human resources and the innovation in business models in the market-oriented parts of the Chinese economy. * * * * * * * * * * * * * * * * * * * * * * * mono-crystal Si ingots being carried in the streets * * * Give a surprising answer. * * * * Chinese Economic Policy since the Global Financial Crisis:The New State Activism Barry Naughton University of California, San Diego R