Arbeitspapier

The Changing Patterns of Investment in the PRC Economy

The investment-intensive growth model of the People's Republic of China (PRC) is often viewed as state-driven and ultimately unsustainable. But largely unnoticed, a shift has taken place. This paper examines the changes in investment patterns since 2003 and the potential impact of industrial policies on these patterns. The point of view is macroeconomic, based on economy-wide data with various breakdown. Significant shifts in investment patterns across sectors and ownership forms have occurred over time, supporting a new growth model with a reduced role of the state, and these shifts appear driven more by market factors than by government policies.

Language
Englisch

Bibliographic citation
Series: CEAMeS Discussion Paper ; No. 9/2017

Classification
Wirtschaft
Investment; Capital; Intangible Capital; Capacity
Industrial Policy; Sectoral Planning Methods
Macroeconomic Analyses of Economic Development
Industrial Policy
Economywide Country Studies: Asia including Middle East
Subject
investment rate
investment policy
national investment strategy
sector distribution of investment
ownership distribution of investment
causes of investment
economic growth

Event
Geistige Schöpfung
(who)
Holz, Carsten
Event
Veröffentlichung
(who)
University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS)
(where)
Hagen
(when)
2017

Handle
URN
urn:nbn:de:hbz:708-dh4799
Last update
10.03.2025, 11:44 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • Holz, Carsten
  • University of Hagen, Center for East Asia Macro-economic Studies (CEAMeS)

Time of origin

  • 2017

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