The changing patterns of investment in the PRC economy

Carsten A. Holz

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.

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Year of publication:	May 2017
Authors:	Holz, Carsten A.
Publisher:	Munich : CESifo, Center for Economic Studies & Ifo Institute
Subject:	investment rate \| investment policy \| nationalinvestment strategy \| sector distribution of investment \| ownership distribution of investment \| causes of investment \| economic growth \| Investition \| Investment \| Investitionspolitik \| Investment policy \| Auslandsinvestition \| Foreign investment \| Wirtschaftswachstum \| Economic growth \| China \| Kapitalanlage \| Financial investment

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Extent:	1 Online-Ressource (circa 66 Seiten) Illustrationen
Series:	CESifo working papers. - München : [Verlag nicht ermittelbar], ISSN 2364-1428, ZDB-ID 2065232-X. - Vol. no. 6484
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper ; Graue Literatur ; Non-commercial literature
Language:	English
Other identifiers:	hdl:10419/167470 [Handle]
Classification:	E22 - Capital; Investment (including Inventories); Capacity ; E60 - Macroeconomic Policy Formation, Macroeconomic Aspects of Public Finance, Macroeconomic Policy, and General Outlook. General ; L52 - Industrial Policy; Sectoral Planning Methods ; O11 - Macroeconomic Analyses of Economic Development ; O25 - Industrial Policy ; O53 - Asia including Middle East
Source:	ECONIS - Online Catalogue of the ZBW

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