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The Role of the State in China’s Industrial Development: A Reassessment

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China’s Economic Development

Part of the book series: Palgrave Readers in Economics ((PRE))

Abstract

This paper focuses on China’s industrial sector, utilizing both qualitative and quantitative evidence. We show the role of the state in China, far from withering out, is massive, dominant, and crucial to China’s industrial development. State-owned and state-holding enterprises are now less numerous, but much larger, more capital-and knowledge-intensive, more productive and more profitable than in the late 1990s. The dominant role of the state in China’s industrial development is not necessarily a transitional feature. In the long run, it might consolidate itself as a form of strategic planning, and as a key structural characteristic of market socialism.

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Author information

Authors and Affiliations

  1. UNCTAD, Switzerland

    Alberto Gabriele

Authors
  1. Alberto Gabriele
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Editor information

Editors and Affiliations

  1. Arizona State University, USA

    Josef C. Brada (Professor of Economics) (Professor of Economics)

  2. Leonard N. Stern School of Business, New York University, USA

    Paul Wachtel (Professor of Economics) (Professor of Economics)

  3. Darden School of Business, University of Virginia, USA

    Dennis Tao Yang (Professor of Business Administration) (Professor of Business Administration)

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© 2014 Association for Comparative Economic Studies

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Gabriele, A. (2014). The Role of the State in China’s Industrial Development: A Reassessment. In: Brada, J.C., Wachtel, P., Yang, D.T. (eds) China’s Economic Development. Palgrave Readers in Economics. Palgrave Macmillan, London. https://doi.org/10.1057/9781137469960_6

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